declined to 9.0 million shares. Should still be enough to help propel stock if Q1 results beat expectations.From Nasdaq.com:Settlement Date, ShortInterest, Avg DailyShare Volume, Days to Cover Mar. 14, 2003 9,050,060 272,437 33.22
With the short data one number is striking, 33.22 days to cover. Anyone have any reflections on that number??
Re 33-day short ratio: scenario.What if the price *should* somehow return to a more normally cautious multiple: 8 or 10 times earnings. Other exercise-equipment companies have multiples a lot higher than that.We would be left -- in this no-doubt very unlikely scenario -- with NLS over $20 before most folks (me, for example) would even start selling blocks back to folks (nothing personal guys).In the worst case, covering could come to resemble a fire in a crowded room that has only one small exit.But of course that's only the worst case, there's plenty of room for NLS to go down from here I guess.
Here's my reaction to 7-week (!) short ratio: it makes me go "hmmmmmmm".
Welcome back. You're still long?
Yes. At least there is a dividend while I wait for better times. I still believe in the marketing machine they have created over the years. I still just can't believe how brutal the market got from last May onward.