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CNBC's Jim Cramer warned against shorting Kohl's stock, fearing a repeat of the GameStop short squeeze. Kohl's stock surged 37.62% on Tuesday after a volatile trading session, fueled by a massive short position (around 50% of outstanding shares). Cramer believes the short sellers overestimated Kohl's vulnerability, likening the situation to the Reddit-fueled GameStop frenzy. He advised short sellers to cover their positions before facing significant losses, emphasizing that while Kohl's isn't thriving, it's not on the verge of collapse.

Prepared by Christopher Adams and reviewed by editorial team.