There was not enough momentum to continue it. There was more shares shorted earlier in the year, and it never popped. This company is in serious trouble and after the dividend I would expect a substantial sell-off. MM's are in complete control and will walk it down into the single digits. I wouldn't be long at this point due to the bleak outlook and declining revenues. GUARANTEE this will be down tomorrow. Trade on reality, don't trade on hope. GLTA
Supposed squeeze was primarily hype. There is nothing to move this stock. One t hing BTH had going was their .10 dividend. Some investors will take a chance even with weak performing stocks like BTH to capture a dividend and then move out, as they are doing now.
I expect BTH to retreat back to more normal single digits also.
Sentiment: Strong Sell
People are so reactive....we have a down day and everyone declares the squeeze over. Look at the chart we went from 9 to 14 in what a couple weeks. I don't think the real squeeze has even started.
The company is a bargain at $14 share. Revenue is stable at $800 million, the current market cap is$214 million. We are selling for a quarter of revenue that is crazy. A buyer like CVSL will likely pay at least half of revenue which would be nearly double the current price. If they are able to start growing the business again we will look at 1x revenue or $50 share.
The benefit of this stock action is we will lose the short-term traders and weak hands which will set the stage for the next move up.
Ordinarily, I would agree with you. However this companies entire Float is only 16 Million shares, the majority of which are owned by Institutions and Insiders. Those that are naked shorting will pay a big price. After a 20% gain on Friday, a pull back of a day or two is normal. There are no more shares available to short. Shorts will have to start covering, You better get out while you can or you will loose big money. 15 by Friday.
This is nonsense. As if those short were brainless.Those that wanted to cover, already covered. The rest sits on large profits by shorting in the high 30s and can ride the current volatility out because they know that the fundamentals of this company make it more likely to move the stock down in the single digits again. If the two SA-articles ("parabolic move likely") couldn't pump up the stock, nothing will. Except good news from the company, but who is expecting that?
i have to add what my buddy mentioned to me today. Sometimes the short position is leveraged by the hedgees onto another play, and if the squeeze is on?....then there is more of a reason for shorts BIGger loss ,and to cover. It may just turn out to be a major squeeze.JMHO