Short squeeze? Workhorse Group stock again a retail trader plaything
No significant news supports struggling electric van maker’s share price gains
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Shares in Workhorse Group fell Friday after a two-month runup led by retail investors who may be pushing the company as a meme stock hoping for a short squeeze. (Photo: Workhorse)
Until a reversal on Friday, the share price of Workhorse Group (NASDAQ: WKHS) had been skyrocketing, adding 59% to its value in the past two months.
Nothing is happening in the business to drive such appreciation. If anything, the clock is ticking before competitors in the electric delivery van space catch and overtake Workhorse, which struggles with myriad production issues.