Tanger Factory Outlet Centers (SKT) is the #1 trending ticker on Yahoo Finance during the Thursday’s morning session.
Shares of the retail real estate company were up 16% in early trading but paired back some of those gains by 11 a.m. Yesterday the stock closed 9% higher. These types of moves on heavily shorted names are normally indicative of a short squeeze. Retail investors on WallStreetBets have increased their mention of the stock recently.
Shares are up more than 80% year-to-date, and…
Source link
