Retail Investors WISH on a Star, Stock Rises amid Bold Call Volume

Retail Investors WISH on a Star, Stock Rises amid Bold Call Volume

The WallStreetBets bunch has set their sights on a stock called ContextLogic, with a ticker symbol WISH. ContextLogic is an e-commerce marketplace that matches buyers with sellers. The stock touched on USD 12.10 in today's trading, and while it has retreated from its highs of the day, shares remain higher by about 3.5%. Retail investors are behind this run after WISH captured their attention.

The thing about ContextLogic, however, is that the short interest is unclear. While the major names on their list including GameStop and AMC Entertainment each have a double-digit percentage short interest, increasing the chances for a short squeeze, ContextLogic's a gray area. The numbers being bandied about are in a wide range, with the high end in the 30% area and the low end at a mere 6%.