Next on WallStreetBets Target List - Tanger Factory Outlet

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GameStop  (GME) - Get Report, AMC Entertainment  (AMC) - Get Report, Rocket (RKT) - Get Report and now Tanger Factory Outlet Centers  (SKT) - Get Report.

Tanger Factory Outlet, a real estate investment trust that runs discount retail outlet malls, is the latest to get swept up in an anti-short-sale revolt spurred by retail investors messaging one another on Reddit messaging board r/WallStreetBets.

Tanger shares were up more than 16% amid an otherwise down trading day on Wall Street as the North Carolina-based REIT found itself in similar position to the likes of GameStop, AMC Entertainment and other public companies that have been targeted as a short-squeeze - a way for investors to bid a stock higher and force a larger investor that has a short position on it to cover their bet, usually at a loss.

On Thursday, Tanger was the second most-shorted stock after GameStop, attracting short interest of 39.98%, according to High Short Interest Stocks, a website that tracks stocks with short interest of more than 20%.  

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