The rally in heavily shorted U.S. stocks, which has also lifted shares of Medicare-backed insurance seller Clover and AMC, has drawn the attention of the U.S. Securities and Exchange Commission .
GameStop said on Wednesday the SEC had requested documents and information related to an investigation into that trading. Clover, which had a short interest of 43.5% of free float as of Tuesday, was up 6.4% at around $18.01 before the bell. It ended Wednesday at $16.92 after hitting a record high of $28.85 during the session.
In the past two weeks, the so-called "meme stocks" have received $1.27 billion of retail inflows, Vanda Research said on Wednesday. That matched their peak in January, when the surge in GameStop shares squeezed short sellers and further boosted the stock price.Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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