Cramer Warns Against Kohl's Short Squeeze | JQJO

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.