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Why Dutch Bros Stock Skyrocketed 62% Last Month

TheMotleyFool

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Why Dutch Bros Stock Skyrocketed 62% Last Month

Shares of drive-thru coffee chain Dutch Bros (NYSE: BROS) skyrocketed 62.2% during November, according to data provided by S&P Global Market Intelligence. It's not uncommon to see a stock jump after a positive financial report, and the company did report financial results for the third quarter of 2024 on Nov. 6. But a jump of this magnitude is unusual and signals that something extra special happened.

Throughout 2024, an increasing number of investors have been betting against Dutch Bros stock -- this is known as short selling. As the chart shows, short interest has been increasing and hit an all-time in late September. And it was still elevated going into November.