short squeeze just a matter of time....frost suckered them in
As a result of this complex situation, we see a rather interesting scenario now unfolding. The short interest is continuing to grow. The share float is continuing to decrease. Consequently, the percent of share float that is short continues to rise. Last of all, this is all occurring as the cover ratio begins to rise in light of a falling average share volume
Partially shown above and further verified here, the company's short interest has steadily climbed over the past year. The interest has climbed to a high of 44.6 million as of December 31 from a low of 23.9 million on January 15, 2013. We see that the relatively consistent trend coincides with both the start and end of the year. Additionally, we find that approximately 12 million shares were shorted between the latest dip from the end of October through December when the share price was between $10 and $8.5. Any rise above this price range could place additional pressure on those already short the company.