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Rocket Companies Inc. RKT Shares,
exploded 56.6% higher on very high volume in afternoon trading on Tuesday, enough to beat all of the NYSE-listed winners, and put them on track for a record close . Trading volume was 257.5 million shares, compared to a daily average of around 13.0 million shares over the past 30 days. The stock is heading for the biggest single-day gain since its IPO on August 6, 2020, while volume has already more than doubled the previous record of 111.6 million shares on August 6. three days. The real estate services company, with brands such as Rocket Mortgage and Rocket Homes, did not immediately respond to a request for comment. S3 Analytics said there had been “a large amount of short selling” in the recent stock rally (RKT), with short-term interest rising to 47.9 million shares, or 45, 8% of the public float. “RKT’s share price and short selling activity is reminiscent of another recent ‘meme’ stock – GameStop Inc.,” wrote Ihor Dusaniwsky, general manager of predictive analytics at S3 in a note to clients. . The stock has now risen 80.1% in the past three months, while the S&P 500 SPX,
nailed on 6.0%.
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