Mon, Jan 26, 2015, 9:52 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Sturm, Ruger & Co. Inc. Message Board

  • wailing_willl wailing_willl Jan 28, 2013 10:15 AM Flag

    Tell me what this means. Short interest

    My friend sent me this last nite. It shows the short interest coming down in January. What is going on?

    S Date Short Int
    1/15/2013--7,346,139
    12/31/2012--8,578,456
    12/14/2012--9,032,268
    11/30/2012--8,964,492
    11/15/2012--7,937,506
    10/31/2012--8,049,797
    10/15/2012--7,693,944
    9/28/2012--7,585,933
    9/14/2012--7,845,533
    8/31/2012--7,962,095
    8/15/2012--7,446,493
    7/31/2012--6,623,871
    7/13/2012--6,103,415
    6/29/2012--5,613,513
    6/15/2012--5,672,743
    5/31/2012--5,059,761
    5/15/2012--3,658,602

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I'm guestimating the 1/31 short position to be 5280000 down to 4230000

      Sentiment: Hold

    • Obviously, some of the shorts covered between Dec 31 and Jan 15. But the short interest is still huge at over 39% of float and the share price is closer to the highest it has been since most of the shares were shorted. Therefore, most of the shorts are already in a losing position and facing an uptrend in the stock price with solid earnings coming from a company in strong financial position since it has no debt and a long order backlog.

      • 1 Reply to imarugerfan
      • Thanks Rugerfan. I thought it was supposed to go down when they shorted it (ha ha). I will compare the short interest to the price chart for the relevant periods. It looks like the only short trade that made money were the early ones in May 2012. I am sure that the December spike was shorted down, but that ws just a short term gambit.

        RGR seems fairly valued right at this price - the market cap is 10x cashflow without counting the most recent quarter. I am hearing whispers that RGR may buy another company? If that is so, RGR will take another leg up in price per share and the shortsters will likely have a permanent loss. The shorts are hoping that the eps trend is non-recurring and the PPS will go back to historic levels. That might be their last and only hope.

 
RGR
39.30+0.59(+1.52%)Jan 26 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.