Besides GameStop, other popular short-squeeze targets among Reddit traders were taking big hits on Tuesday.
Shares of AMC Entertainment, which rallied nearly 300% last week from a major short squeeze, fell 41% on Tuesday. The iShares Silver Trust ETF, part of an attempted squeeze on the metal, was down 8%.
In other heavily shorted names that rallied last week, BlackBerry fell 21%, Express slipped 32.3%, Koss fell 42.7%, Naked Brand lost 35.9% and Nokia dropped 7.4%. Genius Brands was down 3.2% on Tuesday.
Many of the names came off their lows of the session after Robinhood announced that it was easing trading restrictions.
Short selling is a strategy in which…