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Meme Traders Drive Bed Bath & Beyond Stock Surge Despite Bankruptcy Concerns

Originally Published 2 years ago — by Daily Mail

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Source: Daily Mail

Bed Bath & Beyond shares surged by more than a third as meme traders rallied behind the struggling big box store, despite reports that it will file for bankruptcy within the coming days after a post-pandemic retail apocalypse swept the nation. Almost a fifth of Bed Bath & Beyond shares have been shorted by institutional traders. By comparison, less than one percent of Apple's shares are shorted.