Build-A-Bear Workshop (BBW) Hits New High On Massive Short Squeeze

The stock market is currently in a frenzy following the action of members of the WallStreetBets community on Reddit and one of the stocks that seem to be riding on the coattails of that frenzy is the Build-A-Bear Workshop, Inc (NYSE: BBW) stock.

Due to the frenzy in the market, the stock soared by as big as 42% on Wednesday but the stock interest in it is not comparable to the other stocks which were targeted by WallStreetBets.

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As of yesterday, the short interest in the toy retailer’s stock was only 4.1% of the total float and that is significantly lower than the other targeted stocks. Some of the stock targeted by WallStreetBets had a short interest in double or triple figures.

However, it cannot be denied that the gains made by the Build-a-Bear Workshop stock yesterday remain the biggest one in its history. Hence, it might be a good idea for investors to perhaps keep an eye on the price action in this stock over the coming days.

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Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.