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. 

Disclaimer: Copyright ©2009-2021 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.