Shares of Rocket Companies Inc. RKT,
it exploded 74.4% on Tuesday in a very high volume in afternoon trades, enough to pace all the winners on the major US stock exchanges and put them on the right track for a record close. The trading volume was 306.4 million shares, compared to the all-day average of about 13.0 million shares in the last 30 days. The real estate services company, with brands including Rocket Mortgage and Rocket Homes, did not immediately respond to a request for comment. The stock is heading for its biggest one-day gain since it went public on August 6, 2020, while the volume nearly triples the previous record of 111.6 million shares on August 6. The stock has now risen 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 missing sales” in the recent stock rally (RKT), with short interest rates rising to 47.9 million shares, or 45.8% of the public stock market. “RKT’s share price and short selling activity are reminiscent of another recent stock of ‘memes’ – GameStop Inc. GME,
“wrote Ihor Dusaniwsky, director of predictive analytics at S3 in a note to customers. Shares have now accumulated 110.8% in the last three months, while the S&P 500 SPX,
reached 5.9%.