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Nutrisystem, Inc. Message Board

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  • wwwhead222 wwwhead222 Oct 28, 2011 6:36 PM Flag

    NTRI: SHORT INterest is Way DOWN

    Short interest continues to trend down and that is a good sign. Overall, I would say short interest is still quite high (20%) when compared to other stocks, though. It is noteworthy that days-to-cover rose due to declining average volume (from 13 to 15 days). I am very impressed that shorts have been able to cover 1.6M shares since mid-september with only a thirty-one cent rise in share price.

    9/15 closing price = $12.09
    10/28 closing price = $12.40

    It will be interesting to see how this story plays out into the Nov. 2nd earnings call and then into Q1 of 2012. We now have a market where investors have been underweight in equities and find themselves looking for the remaining bargain stocks that haven't run up yet. I believe NTRI is one of those bargains that will be found this quarter, assuming earnings are solid and the dividend remains intact.

    Settlement Date Short Interest Avg Daily Share Volume Days To Cover
    10/14/2011 4,933,172 330,893 15
    9/30/2011 5,643,717 425,931 13
    9/15/2011 6,534,480 271,916 24
    8/31/2011 6,365,973 349,905 18
    8/15/2011 6,501,965 543,876 12

24.005-0.005(-0.02%)Jul 7 4:00 PMEDT