Siebert Financial Up 650% As “Wall Street Bets” Short Squeeze Continues

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By Tyler Durden,

As the broader US index futures point lower, it looks like the "Wall Street Bets" army is back on the offensive, as some of the big-name  "Reddit" stocks - as Bloomberg calls them - are back in rally mode.

Gamestop, is up a 'healthy' 80% this morning..

But it is Siebert Financial that really stands out, having surged as much as 650% on Friday morning...

The retail brokerage/finance company is now trading at its highest since 1999...

Other stocks that got caught up recently in a retail-trading frenzy include:

  • Cinema operator AMC Entertainment +49%
  • Apparel retailer Express +37%
  • Homeware retailer Bed Bath & Beyond +10%
  • Cannabis firm Sundial Growers +14%
  • Underwear manufacturer Naked Brand +40%
  • Airport spa operator which pivoted to Covid-19 testing XpresSpa +5.3%
  • Silver miner First Majestic Silver +13%
  • Fashion retailer Fossil Group +11%
  • Shipping firm Castor Maritime +17%
  • Guardion Health Sciences +9.6%

In other news, Robinhood was forced to go hat in hand to borrow more than $1 billion from a group of banks and VC firms (mostly RH's existing investors).

Sources : https://www.zerohedge.com/markets/siebert-financial-650-wall-street-bets-short-squeeze-continues

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