Victoria's Secret & Co. (NYSE:VSCO) shares soared after it reported third-quarter results with net sales of $1.472 billion, up 9% from $1.347 billion a year earlier and above its previously communicated guidance range of $1.390 billion to $1.420 billion.

As per BZ Pro, short interest in Victoria’s Secret rose from 9.61M to 10.92M shares last period, representing 22.79% of the public float; at an average 2.10M shares traded daily, that's about 5.21 days to cover—conditions that can amplify volatility and increase the risk of a short squeeze if momentum turns higher.

Sales of $1.472 billion beat a $1.410 billion estimate. The company reported an operating loss of $19 million, compared with an operating loss of $47 million in the prior-year quarter.

VS&Co posted a net loss of $37 million, or $0.46 per diluted share, versus a net loss of $56 million, or $0.71 per diluted share, a year earlier. Adjusted EPS of $(0.27) beat a $(0.59) estimate.

Hillary Super, VS&Co chief executive officer, said, “We delivered a standout third quarter, with outperformance on net sales and earnings per share, exceeding the high-end of our guidance. Net sales increased ...