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Is Petco (WOOF) Stock the Next Giant Short Squeeze?
WOOFPetco Health and Wellness pany(WOOF) Investor Place·2024-05-31 03:14

Dog-inspired meme cryptos are one thing, but the rally we've seen in many meme tokens appears to be spreading to the equities world. Petco (NASDAQ:WOOF) is the latest company to see a surge in retail investor interest. Today, WOOF stock is up more than 24% in early afternoon trading as investors brace for what could be an impending short squeeze. According to data compiled by Fintel, with a very high short interest ratio of more than 33%, there are clearly the right elements in place for such a squeeze to t ...