Shares of heavily-shorted outdoor grill makers surged for a second day, erasing paper profits for investors betting against companies like Weber Inc., according to S3 Partners.
Weber jumped as much as 36%, putting its shares on pace for a two-day rally that’s the biggest since it went public in August. Trading volume soared with almost 3 million Weber shares exchanging hands, more than ten-times the average over the past month, according to data compiled by Bloomberg. Peer Traeger Inc. rallied 15% over two days.
