the last on my scottrade report says 8.6 million shares short down from 9 million previous month which is 46 percent of the float. the last 10 days we avg 650k per day. that to me says there are lots and lots of shares out there short
I think the analysts are just too afraid to comment at this point. I agree with you my only concern is it seems many stores haven't been able to re-stock to make further sales. Backlog should be awesome though & that was the concern after the last quarter report.
The Political Correctness (an old term) is taking over. Even the analyst are afraid to say anything positive or good.The short is the hero in this story. They might be considered heros, but they were a bit too bold in shorting this much.
The short totals are due today as of the 15th, ya might get an inkling of what is happening. I do caution that the report is already two weeks old, and much can happen in the interim. My wishful guess is to see that the short position has been drastically reduced.
Yeah I don't see how it could be a bad thing for every gun the companies make to be already sold (RGR sells to distributors, not stores), with the companies running full speed on manufacturing. Even with this, the backlog is probably increasing, which makes investments to increase production capacity a no-brainer and risk free and Ruger has plenty of cash to do that with (no debt). Wholesale prices have to be increasing as well, improving margins........supply and demand.