In this article, we discuss the 10 most-shorted stocks Reddit’s WallStreetBets is paying attention to. If you want to skip our detailed analysis of these stocks, go directly to the 5 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To.
Reddit forum WallStreetBets, with a user base of well over 10.7 million and growing, rose to prominence in the finance world after it was identified as a key social hub frequented by retail investors in the GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings, Inc. (NYSE: AMC) short squeeze at the beginning of this year. Since December 2020, when it had just 1.8 million members, the forum has increased in popularity and influence, sparking appeals for regulation around social media speculation and memeification of the stock market.
Some of the stocks presently popular on WallStreetBets include Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), The Goldman Sachs Group, Inc. (NYSE: GS), Shopify Inc. (NYSE: SHOP), Bank of America Corporation (NYSE: BAC), and NVIDIA Corporation (NASDAQ: NVDA), among others.