Short Squeezes Return: Meme Stock Screeners Target GoPro, Krispy Kreme—Who’s on Deck Next?

GoPro, Krispy Kreme, Kohl’s, and OpenDoor Dominate Meme Stock Resurgence

A new wave of meme stock speculation has returned to U.S. markets, with retail traders driving explosive rallies in GoPro, Krispy Kreme, Kohl’s, and OpenDoor. Fueled by short interest, accessible prices, and coordinated social media activity, these moves have injected high volatility into an already extended market. Traders are now weighing massive short-term gains against equally violent reversals in a liquidity-rich, risk-on environment.

GoPro and Krispy Kreme Hit Meme Stock Criteria—And Deliver

GoPro jumped 63% on July 23 after a patent win reignited retail interest. With a sub-$150 million market cap, 7.7% short interest, and nostalgic brand appeal, the stock checked every box for meme stock buyers. Shares surged from $1.37 to over $2.19 in after-hours trading, showing how quickly momentum builds when social sentiment aligns with technical catalysts.

Krispy Kreme saw a 33% gain the same day, driven by 14% short interest and bullish KDJ indicator signals. The stock’s low $2.85 share price, strong brand recognition, and heavily shorted float made it an ideal target for short squeeze-driven buying, amplified by Reddit and Discord communities.

Kohl’s and OpenDoor Show the Risks of Overextended Moves

Kohl’s delivered the most extreme price action, spiking 105% intraday to $21.39 before closing at $14.34. With short interest estimated at 50–63% of float and nearly the entire float trading hands in one session, the department store became a textbook case of retail-fueled acceleration—and rapid fade.

OpenDoor’s price action was even more severe. After a viral post from hedge fund manager Eric Jackson set a speculative $82 target, shares rocketed 400% in July to $4.97. But the rally collapsed just as quickly, falling 10% the next day as retail attention pivoted elsewhere. The real estate platform’s 22% short interest and low float made it ripe for a squeeze, but its reversal serves as a cautionary tale.

Systematic Screening Fuels Predictable Patterns

Retail traders now use algorithmic tools to screen for ideal meme stock setups: market caps between $100M–$5B, short interest over 15%, floats under 50M shares, and prices under $50. These filters help identify vulnerable targets while also attracting institutional arbitrage, contributing to compressed rally cycles.

Meme Stock Watchlist: Which Names Could Be Next?

While GoPro, Krispy Kreme, and Kohl’s have already posted sharp gains, traders are actively scanning for the next breakout. Stocks like Block (SQ)—recently added to the S&P 500 despite being down 28% YTD—are gaining attention for their blend of institutional visibility and retail appeal. Palantir (PLTR) remains a favorite among retail traders due to its AI narrative, high short interest, and consistent social media traction. Rivian (RIVN), still mired in “production hell,” shows volatility and low float characteristics that make it ripe for a squeeze.

These names match the quantifiable meme stock criteria and are already surfacing on algorithmic watchlists. Combined with rising online engagement, these setups are increasingly predictable—but the window for profit remains narrow. Traders should monitor breakout signals closely and use tight risk parameters to manage reversals.

Market Forecast: Short-Term Bullish, High-Risk Remains

Meme stock conditions remain favorable: the S&P 500 trades above 6,300, liquidity is ample, and the Fed’s dovish policy supports risk-taking. Traders can expect continued volatility in retail favorites, but must stay alert—stocks like OpenDoor show how quickly sentiment can turn. The meme stock trend is bullish in the short term, but selectivity and disciplined exits are critical to preserving gains.

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