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Stitch Fix (NASDAQ:SFIX) shares have doubled in less than two weeks.
After underperforming the rest of the e-commerce sector over the pandemic, the stock surged following a better-than-expected earnings report and strong guidance for fiscal 2021. Shares also seemed to get a boost from a short squeeze at the end of November stocks held short accounted for 41% of shares sold, showing bears were eager to line up against the stock coming into the December earnings report.