What happened Shares of MicroVision (NASDAQ: MVIS) surged on Monday after traders on social media sites identified the stock as a potential short-squeeze candidate. As of 1:30 p.m. EDT today, the laser scanning company's stock price was up more than 25%. So what MicroVision has become a favorite stock among the 9.9 million members of Reddit's WallStreetBets group. With nearly 20% of the company's shares held short, traders are attempting to coordinate their purchases on social media sites in hopes of igniting a short squeeze. MicroVision's stock price has soared in recent days. Image source: Getty Images. By driving up the price of MicroVision's shares, these traders hope to force short-sellers to exit their positions. To do so, short-sellers would have to buy back the shares they shorted. This forced buying can accelerate an upward move in a heavily shorted stock's price, and this dynamic is likely contributing to the greater than 100% rally in MicroVision's shares over the past week. Now what MicroVision bulls have touted its scanning and sensor technology and its potential applications in fast-growing markets, such as augmented reality and self-driving vehicles. MicroVision is also rumored to be a possible takeover target for larger technology companies. The bears, however, claim that MicroVision's stock has risen to levels that are unsupported by its current financial metrics and near-term growth prospects. Thus, they claim its share price is poised to fall. Investors will soon have more information to factor into their view of this battleground stock. MicroVision is slated to report its first-quarter results after the market close on April 29. 10 stocks we like better than MicrovisionWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Microvision wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source