SHORT SQUEEZE- WEBER
Weber soars after earnings with short squeeze potential in play
Dec. 08, 2021 8:05 AM ETWeber Inc. (WEBR)
Scott Olson/Getty Images News
Weber soars after earnings with short squeeze potential in play
Dec. 08, 2021 8:05 AM ETWeber Inc. (WEBR)
Scott Olson/Getty Images News
- Weber(NYSE:WEBR)jumps 8.44%after the company's sales and EPS tallies forFQ4topped the consensus marks by a sizable margin.
- Adjusted EBITDA increased 35% during the quarter to $307 million to account for 15.5% of sales vs. 14.9% a year ago.
- Weber has become a bit of a battleground stock with shorts taking a large position. S3 Partner's Ihor Dusaniwskyreportsshort interest as a percentage of total float on WEBR of 30.92% with shorts paying a fee of 28.57%. The total short position fell 1.52% over the last week.
