SRG - The Short Squeeze Could Be Ending for These 3 Stocks
Some of the higher-profile stocks that have been experiencing short squeezes this week -- specifically GameStop and AMC Entertainment Holdings -- were sharply higher on Friday.
However, some of the mall operators that were also caught in the short-squeeze action are not. Mall real estate investment trusts, or REITs, Seritage Growth Properties (NYSE: SRG) , Macerich (NYSE: MAC) , and Pennsylvania Real Estate Investment Trust (NYSE: PEI) were lower after spiking earlier in the week. At approximately 2:30 p.m. EST, the three mall REITs were down by 17%, 13%, and 10%, respectively.
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The Short Squeeze Could Be Ending for These 3 Stocks