Today was last day that shorts can cover with their gain.
Everybody knows that 4th Q is good and when it starts go up it will pass 70s within 2 - 3 days !
When earning comes out it will reach 80s.
Short will be all over again and comes dwon to low 70s.
And go long again !
It's Merry Go Around all over again !
Only dumm will loose a lots of moeny.
Just learn NTRI's behavior and make money.
HANS never had 42% short interest. Go check out what happened to Overstock (OSTK) when short interest got above 40%...
If you think NTRI's short story is about valuation, then you need to do more homework.
WOW i would not touch this stock when nearly 1/2 of the investers are hoping that it goes down.
Thanks for the responses, I just wanted to make sure i was reading the data correctly. It just amazed me that a stock could have that much short intrest.
again thanks all
I think Yahoo shows 42% of the float is short. Of the 31.5 mln shares that trade, 13 mln are short. At the current volume it would take about 8-9 days to cover all those shorts.