Highly shorted Bed Bath & Beyond extends gains
08/08/2022 13:19
** Shares of Bed Bath & Beyond BBBY.O rise 35.7% to $11.07
premarket, set to extend an eight day rally
** A report on Aug. 3 said the highly shorted home goods
retailer is weighing private loans as it burns through cash
urn:newsml:reuters.com:*:nL4N2ZF3PK
** In late June, co replaced CEO Mark Tritton as part of a
management shake-up to reverse a slump in its business
urn:newsml:reuters.com:*:nL4N2YG2C9
** BBBY, which has 44% of its free float shorted, according
to Ortex data, has seen its shares surge 78% in the past eight
sessions
** Other stocks under $10/apiece that are rising on sharp
volumes but no apparent news catalyst: e-scooter maker Helbiz
Inc HLBZ.O up 37.3% at $1.03, lock maker Intelligent Living
Application ILAG.O up 21.4% at $4.37
** Hearing aid maker Eargo EAR.O up 18.7% to $1.46 ahead
of quarterly results on Tuesday; used-vehicle marketplace
CarLotz Inc LOTZ.O climbs 19.7% to $0.72 and looks set to post
quarterly results on Wednesday
** HK-based Bonso Electronics BNSO.O up 158.4% at $12.35
(Reporting by Medha Singh and Anisha Sircar)
((Reporting by Medha Singh))