At near $30 a share after hours, this stock is valued at 20x p/e. Retailers these days have the highest valuation I've ever based on earnings basis.
Shorts serve no good purpose. They beat down stocks before earnings and then cover in absolute panic painting a picture that everything is dandy and then some. And then if a company misses, they do the opposite crushing a stock savagely (like they have done with retailer Gymboree a few weeks ago) causing longs to flee at the lowest prices.
There's no way that BBBY should be back to prices not seen since last summer, but I wouldn't be surprised if short covering takes this to $35 before it's over.