shares of bed bath  beyond jumped more than 30 in premarket trading on monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move the heavily shorted stock which has tumbled more than 44 this year was the most searched name on the wallstreetbets discussion board on monday according to quiver quantitative where users under a pinned thread titled amc and bbby memestock megathread for monday august 8th 2022 appeared to be buying up shares of the retail stock one user said they took out a 27k loan went all in on bby which a group moderator seemed to confirm another user thedude0007 alleged to have capitalized on the bbby spike turning 45000 into almost 450000 using common stock and call options bed bath  beyond has been a part of the meme stock craze that has hit wall street in recent years and driven names like gamestop and amc entertainment higher as investors bought up shares and forced short sellers to attempt to cover their losses creating whats known as a short squeeze according to data from factset a whopping 46 of the stocks float is sold short as many retailers cope with inflationwary consumers and excess inventory bed bath  beyond has struggled to reverse declining sales fix its merchandising strategy and gain back customers who have fled to its competitors all while searching for a new leader after the board announced in late june that its ceo mark tritton had left the company at the same time the union njbased home goods retailer has also been burning through cash as its net losses grow while the company has not provided a forecast it said it expects samestore sales trends to improve after plummeting 24 yearoveryear in the quarter ended may 28