To The Moon

$Bed Bath & Beyond(BBBY)$ rose another 69%, to $3.49 a share, in Wednesday trading, which brings this week’s gains to 166%. However, the weird thing is that the surge comes after the company's bankruptcy announcement. $Bed Bath & Beyond(BBBY)$ 's management said in a Securities and Exchange Commission filing last week that it was considering filing for bankruptcy. On Tuesday,Bed Bath reported it lost $393 million during the fiscal third quarter, a 42% increase from year-ago losses. 1. Meme Short Squeeze Back? 50% BBBY shares being shorted Along with $Bed Bath & Beyond(BBBY)$, other meme stocks $AMC Entertainment(AMC)$ $GameStop(GME)$ dominated the green sea in the US stocks market. chart from CNBC What is a short squeeze? A short squeeze happens when a stock jumps sharply higher, it forces short sellers to buy back shares in order to limit their losses. The short covering tends to fuel the stock’s rally further. According to S3 Partners, About 48% of Bed Bath & Beyond’s float shares are sold short, compared with an average of 5% short interest in a typical US stock. According to FactSet, For GameStop, the short interest stands at 21%, down from more than 100% at the height of the meme stock mania in 2021. $AMC Entertainment(AMC)$ has also 21% of shares sold short. Analysts from s3partners said: BBBY short interest is $82.7 million, with 39.93 million shares shorted. We are seeing 99% of the stock loan pool already taken down and less than half a million shares left to borrow, at rates over 40% fee. 2. What's the Next For BBBY After the Surge and the Bankrupcty Filing? If the threat of bankruptcy becomes more of a certainty, short sellers may wait for a $0.00 stock price. If bankruptcy is not in BBBY’s future, its rallying stock price will force a massive short squeeze and push the shares go higher. What's your opinion towards BBBY's 166% weekly gains? Do you think meme stock rally means the market risk appetite is improving? Will jump on the wagon of meme short squeeze? Join our topic to win tiger coins~