Why Dutch Bros Is Falling Today
Shares of Dutch Bros (NYSE: BROS) were tasting like a day-old cup of coffee in morning trading, with the stock falling 7.2% at 11:25 a.m. ET Thursday, though there was no company-specific news to drive the movement.
The drive-thru coffee shop's stock fell sharply after the company released its earnings report in May over concern about inflation's impact on its business. But shares have bounced sharply higher since then as the number of shares sold short jumped nearly 30%.
Image source: Dutch Bros.
Source Fool.com
