CNBC's Jim Cramer, host of Mad Money, ended his show by issuing some advice to the hedge funds shorting Kohl's: "Cover and move on."

The department store saw its share price double in early trading, thanks to heightened interest in the stock from online forums.

Kohl’s loss prevention said July 18 that two women stole four Ninja frozen drink makers from the store the previous day. They said that suspects initially put the items down as they were exiting in fear of having been seen,

CNBC's Jim Cramer, host of Mad Money, ended his show by issuing some advice to the hedge funds shorting Kohl's: "Cover and move on."

Shares of department store chain Kohl’s (NYSE:KSS) fell 16.4% in the afternoon session after the stock gave back a significant portion of the previous day's massive gains, which were driven by a meme-stock-style trading frenzy.

Kohl's and Krispy Kreme have been subject of online chatter, including on WallStreetBets, about their potential. Rocket Companies is up 6%.