Why Tootsie Roll Stock Fell 22% in February

Why Tootsie Roll Stock Fell 22% in February

Shares of Tootsie Roll Industries (NYSE: TR) fell 22% in February, according to data provided by S&P Global Market Intelligence. The typically sleepy stock was caught up in short-squeeze mania in January, as traders looked to exploit its high level of short interest for quick gains. Tootsie Roll makes its namesake candies and many other well-known brands like Dots and Charlestown Chew.