Anyone notice that RGR only has 19 million shares outstanding with 7 million shorted???
Given the current daily volume, it would take short sellers about a month to cover. Briefing Trader, or Fly on the Wall, ever have a rumor ( aka Private equity to take RGR private) this stock will sky rocket.
Days to cover is usually only a few days. RGR is at an extreme level. The shorts are going to get killed. Never short a stock with zero debt, and hot products.
yea - been saying that a while now. 40% short interest on a company with NO debt and paying less than 50% of earnings as dividends? Week of October 29, RGR announces earnings - Nov 6, the election - within the next 30 days, I suspect the stock will start up strong, then as the shorts cover, it will accelerate. I have a base position + call options.
Agreed, anyone shorting this needs their head examined. Most gun companies are private already. What the #ell do they need shareholders for anyhow? When everyone wants to cover at the same time for whatever reason...well.. it's gonna snap like a mouse trap.