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.
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.