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Pep Boys - Manny, Moe & Jack Message Board

  • daninfw04 daninfw04 Dec 28, 2009 9:52 PM Flag

    Short Interest

    It's obvious nobody is shorting PBY recently<G> but I just noticed that short interest from 10-30-09 to 12-15-09 has dropped over a half million shares. I am of the opnion that this is bullish as you can see they are covering their short positions:

    Pep Boys-Manny, Moe & Jack (The) ( PBY) Short Interest

    Pep Boys-Manny, Moe & Jack (The)NYSE
    Settlement Date Short Interest Avg Daily Share Volume Days To Cover
    12/15/2009 4,201,488 549,889 7.640611
    11/30/2009 4,404,005 328,137 13.421239
    11/13/2009 4,694,676 342,145 13.721305
    10/30/2009 4,719,767 525,522 8.981103

    All we need is some bullish news with these low volumes and stock should rocket. DaninFW

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    • Danin:

      Thanks for the well-thought out reply!

      I've been reading your posts and watching this stock for almost six months now. I'm very surprised the volume has dried up as has the buying interest.

    • Good call, Danin, but with earnings not slated to be released in the near future, what type of news would be bullish besides a purchase?

      • 1 Reply to shiloh1_2000
      • One thing right now is that 4th quarter and year end are reported 4 months from the last report and 1st quarter comes only 2 months later. We will not see numbers till early April 2010. However, many things could ignite the stock price.

        1) Announcement of a new CEO with Real World Experience and proven ability.
        2) Announcement of a share buyback.
        3) Announcement that someone, a fund or person, has taken a 5%+ new position in PBY.
        4) Announcement that they have acquired a mid-size chain of 24+ stores.
        5) An update as to how successful latest acquisition has been.
        6) The earnings report for O'Reilly and Advance will come out a least 5 weeks before PBY report and could spark action.
        7) Analysts have been down on whole sector. I reversal would drive all.
        8) An acquisition of MDS, MNRO, etc. would spark talks of further consolidation.
        9) Just a few possibilities.
        10) Very limited downside risk.

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