• NASDAQ: RDBX has fallen 29.9% over the past five trading sessions.
  • With short-term interest still high, Redbox could sneak in at any time.
  • Lightyear disappoints at the box office during its opening weekend.

NASDAQ:RDBX has been a difficult meme stock to predict. Shares of the meme stock fell more than 12% on Friday, but Redbox still managed to close the session in the green. Overall, the stock fell 30% last week, but shares are still up 108% in the last month of trading. Overall, Redbox outperformed the broader markets, following another bearish week on Wall Street. The S&P 500 recorded its worst week of trading since 2020 as the relentless bear market continues to put downward selling pressure on U.S. stocks.

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Retail traders looking for the next big short-term squeeze might want to consider holding onto Redbox for a bit longer. According to Fintel, the stock continues to show short interest at 103.5% on Monday. This remains one of the highest among stocks on Wall Street and with such high short-term interest there is certainly a chance that it will tighten again. Social sentiment remains high and short squeeze hunters are specifically looking for stocks with high short interest. The interesting thing with Redbox is that it is expected to be acquired by Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) by the end of this year.

Redbox share price

AMC (NYSE:AMC) may experience some volatility this week as Disney’s (NYSE:DIS) latest blockbuster did not ship. Lightyear, the standalone film by beloved Toy Story character Buzz Lightyear, fell short of expectations, grossing just $51 million in its opening weekend. It failed to knock Jurassic World off the top spot. Initial estimates for Lightyear were an opening weekend of over $70 million.

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