Is this a short squeeze or there something else that is driving this higher? Its forward PE of 44 is a bit out of whack for its industry. Am I missing something? Or is this really a $46 stock?
No it's not a $46 stock, it's short covering. They could squeeze it higher, though, especially if the analysts pump it in the morning. I don't like it as a long but you've got to be careful with it as a short.