Sounding a lot like a sports term, what is it called in Wall Street lingo when a stock price jumps sharply higher, forcing traders who bet that it would fall to snap up more shares?

Answer Short squeeze

As defined on Wikipedia, a "short squeeze is a rapid increase in the price of a stock owing primarily to an excess of short selling of a stock rather than underlying fundamentals. A short squeeze occurs when there is a lack of supply and an excess of demand for the stock due to short sellers having to buy stocks to cover their short positions."

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