Ironically, the very traders who bet on the retailer’s share price going down can give it a further boost.
(Photo: Reuters)
Dusseldorf Bed Bath & Beyond stock continues its spectacular rally. On Thursday, the course will rise another 20 percent. But that doesn’t have to be the end of it, according to a study by the analysis company S3 Partners.
This is due to short sellers who were caught off guard by the rally. Instead of making money from falling prices, they lose some from rising prices – almost $700 million in August alone.
The short sellers are not only under pressure at Bed Bath & Beyond, but also at AMC Entertainment and Gamestop. This, in turn, has an impact on company share prices: betting on losses could send them even higher.
Bed Bath & Beyond: Short rate of 55.23 percent
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