If you have been following SKUL, you should be taking a look at Zagg right now. Very similar position as a stock, but Zagg is in a better position to see a short-squeeze. Zagg's has product offerings in a more diverse area of accessories, is benefitting from the growth of tablets and cell phones and yet short sellers have not exited their positions. The company announced a stock buy-back program, refinanced their debt to save millions of dollars and raised guidance on the last conference call. The main factor hurting Zagg was the ex-CEO, who was fired and the new CEO is moving pretty fast to expand the product lines. Also, it is my belief that Zagg's main product line of screen protectors is more defensible in retail channels because there are so many different SKUs required to cover products that retailers will want to carry and support the market leader, rather than headphones where they will carry a wider selection of brands since the plug is the same for all devices. The short sellers have owned Zagg's stock price, just like SKUL, but zagg is in a much better place to find buyers to squeeze the shorts and run the stock price to double or more the current price.
Thanks for the update. I've been watching ZAGG too. It had a high volume up bar on Dec 13th but then it closed midrange, so not a sign of strength. Also, that higher high in price had a lower high on the indicators, bearish divergence. So, then it went under that bar and is now in the C to D leg of an AB=CD up move which terminates at $8.04. It could extend to test the top of Dec 13th which had a high of $8.23. It is currently trading at 7.72, so that would be a 6.6% move. Not enough for me; not going to chase it. I'll re-evaluate after a test and retracement.