APRN - GameStop buyers take over and other highly-shorted consumer stocks rally

Stocks with a high level of short interest are once again the leading gainers in the consumer sector after limited buying on key names is allowed again. GameStop (GME) tops the list with a 76.02% jump, while Express ([[EXPR]] +30.7%), National Beverage Corp. ([[FIZZ]] +16.9%), Naked Brands ([[NAKD]] +27.3%), Fossil ([[FOSL]] +11.8%), Chico's FAS ([[CHS]] +11.6%), Bed Bath & Beyond ([[BBBY]] +11.0%), Big 5 Sporting Goods ([[BGFV]] +13.3%), Dillard's ([[DDS]] +10.7%), Blue Apron ([[APRN]] +7.3%) and Jumia Technologies ([[JMIA]] +8.1%) are all catching bids. There is some speculation that hedge funds are weaning some of their positions as they reset strategies and the WallStreetBets Reddit crowd is still fired up over generating buying action on favored names. Seeking Alpha author Somint Reseach warns GameStop is now a bubble and could run out of buyers if the squeeze is over.

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GameStop buyers take over and other highly-shorted consumer stocks rally