Shares of Rocket Companies, a Large Short Target of Hedge Funds, Jump More than 50%

CNBC, Mar. 2, 2021–Yun Li
Shares of Rocket Companies rallied as much as 70% Tuesday in a surprising move on no apparent new news. The online mortgage provider currently has large short bets placed against it by hedge funds and appears to have garnered some bullish interest from day traders on Reddit’s infamous WallStreetBets.