MarketWatch

Meme traders see red as heavily-shorted stocks grow scarcer and old names fall

Investors trading meme stocks spent Wednesday looking at a lot of red. The unofficial meme-stock index took a uniform pounding on Wednesday, with major names down significantly, and even a meme rotation into clean-energy names looked to slow down as retail investors found themselves playing an uneventful game of Whack-a-Mole trying to find heavily-shorted stocks to play for squeezes. Ur-memes like GameStop (GME) AMC Entertainment (AMC) Blackberry (BB) and Koss (KOSS) all closed down to continue a rough weekly trend, and even new names like Clean Energy Fuels Corp (CLNE) and Canoo (GOEV) could not benefit from what seemed like early-week momentum of meme-stock traders plunging into renewable and green-energy names.

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