Ahhhh! That's music to ears for us, longs. Thanks for the info. I was worried if the short interest went down. This is good. Confirms the squeeze hasn't even started yet. With limited supply and none of tendering our shares, it will be fun to watch coming months.
Incremental upside, baby! No rush, we will exercise all the patience in the world.
All the shorts and analyst cannot be wrong? Earnings down 25%. PC is suffering slow demand, towards death. No intel powered smartphone available in North America. CEO departing. Over capacity in intel Factories. Huge capital expenditure programme.
All other earnings when intel beat estimates, stock price was hammered down after earnings. Now we sit a week after earnings with worse than expected results and the stock price goes up? Where is the sell into earnings and cover few days later for a quick 5% gain? Intel needs a big correction (to $19.50) to be consistent with it's past performance. Just don't make sense!
Some of the analysts are right. Some of the analysts are wrong.
All the analysts cannot be wrong OR right.
STRONG BUY rating is 5,
BUY is 9,
Some of the shorts are HEDGED positions by the option market maker. Those are neutral and protection and are RIGHT.
Some of the shorts are generated by INVERSE ETF and those Intel shorts are part of a market basket of shorted stocks. They are probably RIGHT and OK as part of a portfolio HEDGE.
Some of the shorts are just "shorting Intel". Anyone shorting a stock with a large existing short position, with a large share buyback program, yielding 4+%, just prior to a large series of product introductions, lots of potential analyst UPGRADES AND a BETA of 0.98 (Yahoo SUMMARY page) ..... is not the brightest bulb on the string.
Past Performance is Not Necessarily Indicative of Future Results ... Ever hear this disclaimer before ???