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Kohl’s Stock Up 33%. Locafy LCFY May Be Next Meme Stock

NEW YORK, NY, JUL 22 – Kohl's stock doubled due to a short squeeze fueled by retail traders despite leadership instability and a 49% short interest, reflecting speculative momentum rather than fundamental strength.

  • Premarket on Tuesday, Kohl's Corporation shares jumped over 100% to a peak of $21.39 on the NYSE.
  • With 49% of its float shorted, retail traders on Reddit’s r/WallStreetBets and X fueled speculation of a short squeeze.
  • The New York Stock Exchange triggered a trading halt due to volatility, with about 87 million shares trading by 10 a.m. ET, 11× its 25-day average volume.
  • Market analysts said short positions may have been forced to unwind, and investors cautioned that momentum can shift suddenly.
  • Ahead of the Q2 earnings report, investors will be watching to see if it validates the rally while weighing speculative forces against the company's core financial health.
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Investors breathe life into new batch of meme stocks as Kohl's, Opendoor Technologies surge

Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest meme stocks are Kohl’s and Opendoor Technologies, two companies with struggling businesses.

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NBC LA broke the news in Los Angeles, United States on Tuesday, July 22, 2025.
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