Is Express Next in Line for a Short Squeeze?

Is Express Next in Line for a Short Squeeze?

Game and consumer electronics retailer GameStop has undergone a spectacular short squeeze recently, with its stocks exploding from approximately $40 a week ago to over $260 currently. Now, Bloomberg reports, other heavily shorted companies which have suffered especially from the pandemic may be next in line for a short squeeze. One such company is fashion retailer Express (NYSE: EXPR), whose stock sold hovered around $1 in early January.