Retail traders are pressing bets on potential short squeeze targets, sending 1-800-Flowers and Krispy Kreme soaring

Spurred by the parabolic surge in shares of Beyond Meat in recent sessions, traders are aggressively looking for potential short squeeze targets with a number of buyer’s binges in the works.

1-800-Flowers.com spiked double digits late in Tuesday’s session, with the gains coming on the heels of a since deleted tweet from a prominent social media account calling attention to a company with high short interest, high insider ownership, and low near-term debt — without even mentioning its name or ticker! Shares are continuing to build on that advance in the premarket on Wednesday, up 20% as of 7:37 a.m. ET. The company is the most heavily shorted member of the Russell 3000, per exchange data, with about three-quarters of its float sold short.

Krispy Kreme, which enjoyed a run as a meme stock in late July, is also up about 20% in premarket trading and is among the 25 most heavily shorted companies in the Russell 3000. The stock soared on Tuesday as call volumes spiked, and it hasn’t had any major fundamental news to speak of — unless you count the announcement of its seasonal “Frankendough Dozen” deal (I don’t).