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Why Dutch Bros Is Soaring 34% This Week

TheMotleyFool

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Shares of Dutch Bros (NYSE: BROS) are rocketing higher this week, surging 34.1% compared to where they closed last Friday, according to data from S&P Global Market Intelligence, riding a meme stock wave of buying.

After it was reported that short interest in the coffee shop shot up almost 30% in the latest period, stock traders who populate various internet stock chat rooms piled into the stock. Shares are rising another 9% in morning trading on Friday.

Image source: Dutch Bros.

Source Fool.com

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