RH shares rose 20% last month amid housing stock rotation and short squeeze
SHAK Shake Shack Inc
$71.89 +2.96%
View chart & analysis → - 1RH recorded a 20% increase in share price last month.
- 2A short squeeze occurred due to a short interest ratio of 58% of RH's float as of October 15.
- 3The 10-year Treasury yield closed at 4.95%, down 3.8% on October 22.
So what's the key point?
RH share prices rose by 20% last month. The price jumped significantly as people betting against the stock rushed to buy shares to avoid losses.
Source The Motley Fool +1 · View original ↗
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