Nuan shorts are slow to cover and it seems there is at least 7 mill that refuses to cover.
The short ratio is very high due to low volume these days. If you were short from the 30's then no rush to cover, may as well see if they blow earnings again. If not, yes we will see a short squeeze for sure. I think much of this short position is people protecting their shares from the drastic drop of last earnings. I was thinking of doing that myself. These people will cover quickly if earnings go decently.
Remember the market in general is controlled by professional Traders short term, professional Investors long term. Furthermore they are mostly the same folks wearing different hats, on both sides of the trade on different days. Traders bet which way the price will go, investors the way the Company will go. Voting is done continuously, weighing done Qtrly. As an investor (very small "i", I am voting that the weighing in the future will reveal $4bn of revenue and value the stock at 3-5 times revenue or $40-$70 per share. At least another year or two, but I vote it will happen, based on my assessment of what little I know. I also like this place to park a few pennies I have because the alternatives are not good for me at least.
Anybody give up on the aapl? If they don't get to 1000 eventually the p/e we be at 5. Imho