Another highly shorted stock, Avis Budget CAR.O, doubled in value on Tuesday to $357.17 after strong results, but slid 18.2%. The home products maker was tethered to the meme stocks phenomenon this year, where individual investors coordinated in online message boards like Reddit and Stocktwits to fuel eye-popping rallies in certain shares, costing short sellers billions of dollars. Analysts at BofA Securities said while Bed Bath & Beyond's announcements were enough to squeeze short sellers, the company still faces risks in the coming months, including cost inflation pinching its margins.