Shares of Bed Bath & Beyond Inc. BBBY rose 5.3% in premarket trades Friday. The stock has fallen 48.4% since the troubled home goods retailer announced its bankruptcy filing Sunday and hit a record low of 11 cents on Thursday. Bed Bath & Beyond’s stock ended Thursday’s session up 4% on volume of 182.65 million shares, above its 65-day average of 123.44 million. A near-record number of Bed Bath & Beyond shares were being sold short on Monday, Stocktwits, a social platform for investors and traders, told MarketWatch. On Tuesday Bed Bath & Beyond was notified that its stock will be delisted from the Nasdaq COMP. According to a statement released by Bed Bath & Beyond, the Nasdaq informed the company that its stock would be suspended at the opening of business on May 3. Bed Bath & Beyond has said that it would not appeal a Nasdaq delisting notice.
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