That's what Yahoo says. That is A LOT of short interest. Maybe that has something to do with why it is going down! Well either they are a lot smarter than me (or a lot less smart). I would not short this because I think you have to pay the dividend if you are short on a stock and they might have to pay a regular dividend and a special dividend and when people start trying to cover it might get messy. If people are looking to buy 42% of the shares I don't think they will even be able to buy them... I hope they know what they are doing otherwise the possible short squeez might be a good thing for us regular folk! Maybe I'm wrong because I do not short stocks.
That's because the short sellers knew the hangover was coming after the dividend binge. If you had shorted at say... 34$ (which wasn't even calling the top) You could have paid the special, putting you at 32$ and still covered at 26-27$.
That's probably why BKE didn't pay a special this year. Owners of BKE stock are better served with buy-backs because all the specials are doing is creating a short selling frenzy and making for a high tax bill. I can promise you that this will perform better late this year than it did last year.