Why Is National Beverage Surging 27% Higher Today?
Shares of National Beverage (NASDAQ: FIZZ) are soaring 27% higher heading into midday trading Wednesday, seemingly making it the latest stock to catch short-sellers in a squeeze.
Although National Beverage's 52% gain so far in 2021 is no match for the stratospheric rise in GameStop's (NYSE: GME) shares, which are up 685% year to date, the owner of La Croix sparkling water is also a heavily shorted stock with nearly two-thirds of its shares outstanding sold short.
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Source Fool.com
