THE ROARING KITTY
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A recent IPO that fell hard and got adopted on the way down.
Wish went public in late 2020 at a high valuation and dropped sharply as growth stalled. Short interest built quickly.
Retail traders picked it up in the second wave of meme trading, drawn by the same combination of heavy shorting and a beaten-down price.
The business kept shrinking. The company later carried out a reverse split and eventually sold off its core operations.
Not every heavily shorted stock is mispriced. Sometimes the shorts have simply read the business correctly.
The name that keeps the record honest about how often the crowd was wrong.