Shares of Rocket Companies Inc. RKT,
it exploded 74.4% higher with a very heavy volume in Tuesday afternoon’s trading, enough to keep track of all winners on major US exchanges and put them on the road to a record close. Turnover was 306.4 million shares, compared to the full-day average of around 13.0 million shares in the past 30 days. The real estate services company, with brands like Rocket Mortgage and Rocket Homes, did not immediately respond to a request for comment. The stock is headed for the biggest gain in a day since it went public on August 6, 2020, while the volume almost tripled the previous record of 111.6 million shares on August 6. The shares have now skyrocketed 113.6% in the past three days, as the company reported better than expected earnings in the fourth quarter and announced a special dividend of $ 1.11 per share. S3 Analytics said there was a “large amount of short sales” in the recent stock upturn (RKT), with short interest rising to 47.9 million shares, or 45.8% of the public float. “RKT’s share price and short selling activity are reminiscent of another recent highly successful stock – GameStop Inc. GME,
“wrote Ihor Dusaniwsky, managing director of predictive analytics at S3 in a note to customers. Shares have now risen 110.8% in the past three months, while the S&P 500 SPX,
rose 5.9%.
