Clover Health CLOV, a Medicare-backed insurance start-up, had a wild day of trading on Tuesday. CLOV skyrocketed over 100% at one point this morning, and closed up about 86% to $22.15 per share. According to FactSet data, more than 720 million shares changed hands by the closing bell.A short squeeze looks to be in play for CLOV, just like we saw with other meme stocks AMC AMC and GameStop GME. The stock is one of the most shorted stocks across U.S. exchanges, and as of today, 43.5% of its float shares are sold short.CLOV went public via venture capitalist Chamath Palihapitiya’s SPAC in October 2020, and is currently a Zacks Rank #4 (Sell).More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GameStop Corp. (GME): Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report Clover Health Investments, Corp. (CLOV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research