Barron's reports 75 days to cover the short position, based upon avg. daily volume of 36K shares and 2.7 M shares short. Time for a short squeeze??
ebeads, it was AYSI.PK. I bought in the low 70's and sold in the mid 70's. I left a few dollars on the table.
Still 2.7 M shares short...but only 47 days to cover, due to recent increases in avg. dly. volume.
pjv: It's not CISCO is it?
SHORT SQUEEZE! (is part of the reason for the big rally). The strong earnings report, along with the big rally, is panicking out the shorts.
IYO, how is this squeeze likly to play out in the next few weeks. With the very low daily volume, is there enough milage in the 'squeeze' to push it up to $5 or $6.(I bought more Friday with the expectation that it will continue to shoot up.)
let's hope they have home run quarterly results