The stock market was having a strong day on Tuesday, but Boston Omaha Corporation (NASDAQ: BOMN) was a major standout. As of 2:15 p.m. EST, the stock was higher by more than 16% for the day to reach a fresh 52-week high.
Despite the move, there isn't any company-specific news propelling the holding company higher. However, given the recent stock market environment, it's worth pointing out that this is not a short squeeze. According to the most recent information, short interest in Boston Omaha is just over 1%, indicating that there aren't many investors betting against the company.
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Why Is Boston Omaha Corporation Rising on Tuesday?