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Bed Bath & Beyond Inc (NASDAQ:BBBY) shares are trading higher on above-average volume Tuesday. The stock is seeing increased interest across social media platforms as retail traders highlight high short interest in the name.
Bed Bath & Beyond's average session volume over a 100-day period is about 42.46 million, according to Benzinga Pro. Tuesday's trading volume has already exceeded 45 million at publication time. 38.75% of Bed Bath & Beyond's float is currently sold short, per Fintel data.
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Bed Bath & Beyond is trending across several social media platforms. It was the top trending ticker on Stocktwits at last check and it was among the most mentioned stocks on Reddit's r/wallstreetbets over the last 24 hours. Benzinga Pro data shows that it was also among the most mentioned stocks on Discord on Tuesday.
BBBY Price Action: Bed Bath & Beyond has a 52-week high of $30.06 and a 52-week low of $4.26.
The stock was up 23.7% at $5.27 Tuesday afternoon.
Photo: Mike Mozart from Flickr.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.