Heavily-Shorted Tanger Outlet Suddenly Jumps Amid r/WallStreetBets Mentions 

Heavily-Shorted Tanger Outlet Suddenly Jumps Amid r/WallStreetBets Mentions 

r/WallStreetBets crowd appears to have targeted another heavily shorted stock Thursday morning. Shares of Tanger Factory Outlet Centers (SKT) are up 7% in the cash session after rising as much as 25% to 22.25 in the premarket. 

SKT received more than 1,000 mentions from the WallStreetBets forum on Reddit, according to Swaggy Stocks, a sentiment indicator for the popular investing forum. 

One of the reasons WallStreetBets has targeted SKT is due to the short interest is currently around 33% float, down significantly this year from 50%. 

GME, RKT, PLTR, TSLA, and AMC are among other popular stocks the WallStreetBets board discusses this morning. 

Tyler Durden
Thu, 03/04/2021 – 10:22
ZeroHedge News
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