During that period, which lasted 11 trading days between Jan. 13, 2021 and Jan. 28 of that same year, GameStop skyrocketed 2,311%. Several other stocks, including BlackBerry, also rose to fame.

BlackBerry surged 275% between that time frame to reach a Jan. 28, 2021 high of $28.77, a price at which the stock hadn't traded since September, 2011. Since then, BlackBerry has seen a few subsequent smaller short squeezes, but overall, it has decreased steadily and reached a three-year-low of $3.17 on Dec. 28.

Although short squeezes are hard to predict, BlackBerry’s short interest is low, indicating the recent upward movement is an increase in buying. As of Dec. 30, 30.47 million shares of BlackBerry’s 580.35-million-share float were held short, meaning 5.81%, down from 35.83 million in November.

From a technical analysis standpoint, BlackBerry looks headed higher over the longer term, having confirmed an uptrend on Jan. 6 by printing a higher low at the $3.42 mark. Short-term pullbacks take place within any uptrend, however, and BlackBerry is likely to retrace lower over the next few days.

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The BlackBerry Chart: BlackBerry reversed into an uptrend on Jan. 3, after printing a triple bottom pattern just above the $3 mark. After the stock printed its higher low to negate the downtrend, BlackBerry printed new highs that confirm the new trend.

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