(Reuters) -Shares of U.S. department store chain Kohl’s jumped more than 100% on Tuesday, making it one of the most traded stocks on retail trading platforms.
Kohl’s shares nearly doubled in value at one point, triggering a trading halt on the stock. On resumption the stock was up 30% at $13.32.
The company’s stock is the No. 1 trending ticker on retail investor forum Stocktwits. About 49% of Kohl’s freely floated shares are shorted, as per data compiled by LSEG.
(Reporting by Johann M Cherian in Bengaluru; Editing by Saumyadeb Chakrabarty)
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