Wayfair Inc.
(NYSE:W) stock jumped Tuesday after the online home furnishings retailer reported second-quarter results that topped Wall Street estimates.
The rally was likely magnified by elevated short interest, with 18% of the public float sold short, signaling substantial bearish positioning that may have fueled a squeeze.
The company has a short float of 14.75 million shares, representing 18.38% of its publicly traded float, indicating an exceptionally high level of short interest.
The company reported its strongest post-COVID U.S. revenue growth, with U.S. sales rising nearly 9% year over year, supported by continued market share gains and momentum across its specialty and premium brands.
