Shares of Rocket Companies Inc. RKT,
blew 74.4% higher yesterday on a very heavy volume in the afternoon trading, enough to accelerate all lenders on major US wallets and put them on course for a record. The trading volume was 306.4 million shares, compared to the average day of approximately 13.0 million shares over the past 30 days. The real estate services company, with brands such as Rocket Mortgage and Rocket Homes, did not immediately respond to a request for comment. The stock is on the biggest one-day gain since it was announced on August 6, 2020, while the volume nearly tripled the previous record of 111.6 million shares on August 6. The stock has now shot up 113.6% over the past three days. as the company reported better-than-expected fourth-quarter earnings and announced a special dividend of $ 1.11 per share. S3 Analytics said there had been a “large amount of short selling” in the recent stock boom (RKT), with short interest rates rising to 47.9 million shares, or 45.8% of the public. “RKT’s share price and short selling activity is reminiscent of another recent ‘meme’ share – GameStop Inc. GME,
“Ihor Dusaniwsky, managing director of predictive analytics at S3, wrote in a note to clients. The share has now risen by 110.8% over the past three months, while the S&P 500 SPX,
achieved an increase of 5.9%.
