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Benzinga
Benzinga
Business
Rishabh Mishra

Cracker Barrel Tumbles 12.5% In 5 Days As Heavy Shorting Spikes Volatility: Analysts Says Long-To-Short Ratio Halved Before Sell-Off

Indianapolis,-,Circa,December,2020:,Cracker,Barrel,Old,Country,Store

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) has seen its stock plummet 12.5% over the last five days, including a sharp 7.15% drop on Thursday, as the company grapples with fierce public backlash over its recent rebranding.

The significant sell-off was preceded by a surge in bearish bets against the company, with new data revealing that short sellers had been aggressively increasing their positions for months.

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