Bullish option was detected in SKT stock this week between March 3, 2021 and March 5, 2021.
Make sure to review this lesson on options trading so that you understand the chart above.
SKT is the second most shorted stock on Wall Street relative to its float:
Tanger is the latest target of the Reddit forum WallStreetBets, which fueled the massive short squeezes in companies like GameStop (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) just a few weeks ago.
The COVID-19 pandemic caused several of the mall owner’s major tenants to declare bankruptcy, occupancy is well over 90% at Tanger’s properties, and customer traffic in January was at 99% of comparable pre-COVID levels.