Mon, Dec 22, 2014, 2:51 PM EST - U.S. Markets close in 1 hr 9 mins

Recent

% | $
Quotes you view appear here for quick access.

Potbelly Corporation Message Board

  • sec_fordummies sec_fordummies Apr 1, 2014 1:58 PM Flag

    Sort interest....

    Going back to Dec. 31, shorts have grown that position, now at its peak reading for the stock, by 56%

    Short sellers continue to press their case against two of last year's restaurant IPOs, with sandwich shop Potbelly (PBPB) in particular finding an increasing amount of doubters in the market.

    According to data made available last week, Chicago-based Potbelly, public only since October, had the largest percentage of its shares sold short among more than 40 restaurants surveyed by Yahoo Finance. At 42.3% of its float, that was roughly five times the group average of 8%. Going back to Dec. 31, shorts have grown that position, now at its peak reading for the stock, by 56%.
    To say Potbelly's five months on the market have been forgettable for longs is being charitable — since its high of $33.90 in the days just after its IPO, which priced at $14, it's dropped 47%. And with a forward price-to-earnings ratio at 49.6, one of the highest in the group, it may well continue to draw in skeptics, despite its upbeat talk around earnings and restaurant

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
PBPB
11.98+0.12(+1.01%)2:50 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.