Key Points Krispy Kreme stock surged as much as 37.7% on Wednesday morning due to coordinated Reddit activity, not business news. The donut chain's high short interest (over 30% of shares) and low trading volume make it a suitable target for coordinated short-squeeze attempts. A similar Reddit-driven surge in July saw Krispy Kreme jump 32.5% in two days, only to lose all gains within two weeks. 10 stocks we like better than Krispy Kreme › Shares of Krispy Kreme (NASDAQ: DNUT) skyrocketed on Wedne ...