Meme stocks rise, led by UWM Holdings, Workhorse

Strategic Partners A/S

11/06/2021 10:45

** Stocks popular with small-time traders on online forums
such as Reddit's WallStreetBets broadly rise before the bell
    ** Heavily shorted electric truck maker Workhorse Group
 WKHS.O  rises 4.9% to $15.80 in premarket trading
    ** Workhorse had a short interest-to-float ratio of over 42%
as of May 13 - Refinitiv Eikon data
    ** Mortgage provider UWM Holdings Corp  UWMC.N  jumps 8.8%,
while cinema operator AMC Entertainment Holdings  AMC.N  is up
3% 
    ** Shares of videogame retailer GameStop Corp  GME  up 4.8%
to $230.95, security solutions provider BlackBerry's U.S.
listing  BB.N  rises 1.6%
    ** However, Danish biopharmaceutical company Orphazyme's
U.S. listing  ORPH.O  slumps >57% after quadrupling in value on
Thursday 
    ** Many individual traders have coordinated on online forums
to spur wild swings in certain stocks; most notably prompting a
short squeeze in GameStop earlier this year  urn:newsml:reuters.com:*:nL3N2NR3UD
    ** Some of the companies such as AMC have tapped on this
fervor to issue fresh equity  urn:newsml:reuters.com:*:nL3N2NP3HY 

 (Reporting by Aaron Saldanha)
 ((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))