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Grill-Maker Weber’s Record Two-Day Rally Punishes Short Sellers

  • Weber eyes best two-day surge since going public in August
  • Today’s gain makes for $12 million in short-seller losses: S3

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.