Read much? SBUX took over the #50 position in the Nasdaq 100. That means it is 50th out of 100 stocks. The actual short interest has remained roughly the same-the most recent number is 8.7mm shares short, down from almost 12mm in December. The only reason this is even mentioned is that it now takes 1.94 days to cover, which means #$%$, only that the average trading volume is down. 8.7mm shares short on a float of 740mm gives you a short interest of 1.1%. Maybe a little early to sprint to the exits. Couple that with an ownership of over 100%(institutions plus individuals owning this outright and on margin) and you really have to think hard about a short squeeze. He11, 1.1% isn't even enough for a good hedge-short the stock and long the option(call). Relax.
Perhaps, tamatjab, Sbux is shorted so much because of its volatility. It does 5 to 6 million shares a day. It usually jumps a point or two one way or other. After an uptick you may short. And Sbux has a tendency to rise high on good news then suddenly slump on no news or an unusual volume past the 5 or 6 mil mark......... One might say take the money and run is happening here--?