Settlement Date : 11/15/2012
Short Interest : 6,867,810
Percent Change : (24.90)
Average Daily Share Volume : 766,092
Days to Cover : 8.96
Longs got screwed, a classic Long Squeeze. The shorts covered 2.28 M shares while the price dropped from $12 to $8
Another testament that BIG money will wipe out the little guy!
This will be getting interesting, once all the selling is done.
The management did really help shorts. Institutional are reducing their shares.
As a result, the Company is revising its adjusted fully diluted earnings per share outlook for 2012 to $1.00-$1.04 from a previous outlook of $1.10-$1.20.
Unbelievable that 5 mil shares have been covered since August and yet the PPS has dropped 50%. That's a ton of institutional selling to generate such action.