short interest grow for BBBY

123meigu
2023-03-11

$Bed Bath & Beyond(BBBY)$ Recently, short interest rose sharply again. Today the short interest is 65 million, and there are 117 million shares outstanding. This means that 56% of the shares are short. Again, this is a huge number. Speculators are skeptical that the company (and the stock price) will improve.

Bed Bath & Beyond has a high potential for a short squeeze because of the large number of shares sold by short sellers. An improvement in cash flow figures, or the company's financials are catalysts to push the stock price up. If the company comes out with strong financial figures, the stock price could skyrocket.

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