RealReal Surges on Strong Forecast, Highlighting Short Interest

2 months ago

Tim Stanbec

"Well, we're looking at shares of RealReal. They are on a tear, up as much as 38% in today's trade. This is the best day this year that we've seen for the stock. It's on track to close at its highest level on record. This is after a boost to its forecast. Of course, we know RealReal is more of a secondhand consignment luxury good outlet if you think about it that way. And so you are really just seeing this as we're thinking about the consumer right now. If you look over the past 12 months, I will say 25% of the float was short."

RealReal is experiencing a significant intraday surge of 38% on strong revenue guidance and positive forecast revisions. The commentary also draws attention to the notable 25% short interest, suggesting that any good news could amplify the upward momentum in the stock.

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