Shares of renowned grill companies Weber Inc. (WEBR) and Traeger, Inc. (COOK) surged nearly 15% and 14%, respectively, last week. Investors' short-squeeze hopes primarily drove WEBR shares higher. According to financial data analytics firm S3 Partners, WEB’s short interest stands at 58.91% of the total float. COOK moved up on heavy investor interest too.
However, persistent supply chain concerns amid strong demand have hindered the growth of these companies. The difficulties associated with cargo ships, workforce shortages and constraints, limited storage capacity, and supply and demand mismatches have contributed to the supply bottleneck.
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