Kohl’s Corp. shares more than doubled Tuesday, minting it as the newest meme stock, amid an influx of mentions by retail traders on social media.

The level of short interest in Kohl’s shares, at nearly 50%, has finally caught the attention of retail traders, setting the discount retailer up to become the market’s newest meme stock. The stock traded up as much as 105% Tuesday morning,

Is a beaten-down retailer the newest meme stock? That's one possible explanation for today's jump in shares of Kohl's, which were recently up some 30% in morning trading.