Is Clover Health the Next Short Squeeze?

Macro Essays
DataDrivenInvestor
Published in
2 min readFeb 8, 2021

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Image Courtesy: Clover Health’s Facebook Page

During the last few days we all saw how hedge fund billionaires got trolled by retail traders and lost billions of dollars by shorting companies like GameStop. This was truly one of the most iconic moments in financial markets history. Melvin Capital’s loss on GameStop and other shorts is now the sixth largest trading loss in Wall Street history.

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