The story is better than that. NFLX short interest was 18.64% , DECK is 42.61%, both as of Jan 15. Also interesting is that the percentage of DECK held by institutions is 112.05%..........that's not a typo. What that tells me is that there are a lot of naked short shares out there. With good earnings this could explode. NFLX did 70% for the week, who knows what DECK could do. I think the upside reward is greater than the downside risk and I can't imagine being short going into earnings given what happened to the NFLX shorts.