DKNY parent G-III Apparel Group Ltd. (NASDAQ:GIII) stock rose Friday after the apparel company reported first-quarter results that topped Wall Street estimates and raised its fiscal 2027 earnings outlook.
The stock surged nearly 7%, as high short interest—exceeding 21% of the float—likely acted as a catalyst, amplifying buying pressure and accelerating the rally.
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The company has a short float of 6.14 million shares, representing 21.64% of its publicly traded float, indicating a relatively high level of short interest among investors betting against the stock.
G-III Apparel First-Quarter Results Beat Expectations
