Yep! Shorts had a good run and now it looks like it's reversed. Time to cover if you were short. Longs now have the catalyst they needed, and we may be looking at a little squeeze over the next several days. Look at the short ratio = 17.7 and the Short % of float = 21.2%. We should definitely see some covering.
I missed the day low, but I got in at $32.75. After hours seems to have flattened though. Let's see what tomorrow brings.
Another thought, ag is heating up with POT and fertilizers this will click in the minds of investors soon as an ag play. Or a water play, or both! I'm loving it here. If I'm wrong I wait... no matter what this goes to $45 eventually so its a good move I think.
This stock can get really hot depending on how hot people are for the worldwide water shortage at the time. That cooled recently, someone will pump that again in the next few months and boom this is up 10%.