HLF appears to be on the verge of a classic short squeeze!
With at least a 50% short percent of float, 115% institutional ownership, 12% insider ownership, a great quarter, two highly ballsy titans battling it out, one going long, the other short, it sure looks to me as there will be a squeeze tomorrow. Especially at the opening, as shorts realize they are about to take a financial pounding.
Last week, smelling something like this brewing, I finally took a long position in HLF, figuring this is shaping up to be a BIG winner, especially if Q1 results were good.
For sure, one of these two titans is going to take a bath, and I can't imagine Icahn throwing in the towel when he's holding all the cards, like a 15% or so long position, has 2 recommended Directors on the Board, plus enough cash to sop up all the shorted stock he can get.
Also, with in excess of 33 millions shares already short, for sure, he's not going to cave and sell to the shorts trying to cover.