Participants on Stocktwits commented, for example, "like that short percent + ratio" and "0 shares available to short? That correct? Are we getting a real squeeze? I gave up on this."
Future Fintech shares at last check jumped 18% to $3.41. The stock closed Friday's session up nearly 21% and is up more than 55% year to date.
The former juice company has pivoted into a blockchain company.
While meme stocks can be found in a number of sectors, TheStreet's Jim Cramer has identified efforts to squeeze short sellers as a unifying factor among them.
Short-selling is a bet that a stock price will drop. A short-seller borrows stock and sells it; if the stock drops, the short-seller buys the stock back and returns it to the lender, pocketing the difference in price.
A short squeeze is a move to push up a stock's price until short-sellers cover their bets by buying the stock.
“The memesters try to find stocks that are heavily shorted and try to bust the people that short it," Cramer said recently.