What does Ape mean in stocks?
Retail investors bullish on heavily-shorted stocks are now known as Apes. The new vocabulary for trading allows someone to be bullish, bearish, or apish. Apes are very strong holders of a stock that they have a huge conviction on it going higher due to being oversold, heavily shorted, and many times hated as a business.
The Ape name originates from a quote in the 2017 movie “War for the Planet of the Apes,” when the main character who was a Chimpanzee, Caesar says, “Apes together strong!” The overall larger belief for a group of “apes” is that by holding long positions stubbornly together on a stock they can outlast and pressure hedge funds to cover their short positions leading to a large short squeeze covering rally.
Being an Ape on a stock requires lots of patience and conviction. The ideal Ape Stock is a past market leader, in the single digits, undervalued as a business, and on the most shorted list of all stocks.
I thought this was fake, wow who wants to go see the ape with me 😂 pic.twitter.com/VkqlKIGSuM
— meg (@MsMegTrades) October 19, 2021