Rocket Companies Inc. Shares RKT,
shot up 74.4% in a very heavy volume during Tuesday afternoon trading, enough to catch up with all the winners of the major US stock markets and put them on track to close record. Trading volume was 306.4 million shares, compared to the full day average of about 13.0 million shares in the last 30 days. The real estate services company, with brands like Rocket Mortgage and Rocket Homes, did not immediately respond to a request for comment. Shares are heading for the biggest one-day increase since it went public on August 6, 2020, while the volume nearly triples the previous record of 111.6 million shares on August 6. as the company reported better-than-expected fourth-quarter earnings and announced a special dividend of $ 1.11 per share. S3 Analytics said there has been a “large amount of short-term 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 stock price and short-selling activity is reminiscent of another recent high-flying meme: GameStop Inc.
“Ihor Dusaniwsky, general manager of predictive analytics at S3, wrote in a note to customers. Shares have risen 110.8% in the past three months, while the S&P 500 SPX
has attacked 5.9%.