i don't think you know what days to cover means. it is singly the most inane and silly stat ever formulated. it is completely meaningless. means nothing at all. the shorts own this stock. they made tons of money on it. they decide whether it goes up or down (whether they want to cover a little or not) since after the last earnings report i doubt anyone is buying DECK. if earnings show further erosion, the shorts may cover, they may not. you are in the hands of the shorts here. you may make money long here, but it would only be fortuitous.
If the shorts own this stock I would agree with you, but they don't. Shorts are simply gamblers betting one way or another. That obviously doesn't mean the company is doing bad or is a pump and dump scheme as some allege. Days to cover is in my opinion a meaningful stat, as it portrays the future buying pressure on a stock. the more days the more the pressure. Once the stock turns bullish we'll have momentum. It is only a matter of time. Perhaps you feel that my being long is a fortuitous endeavor, but I have been following the stock for a while and actually believe in the company not the stock, but it doesn't mean that I don't take profits when I feel I should. I simply don't subscribe to the notion that I should join the shorts because I can't beat them.