According to Shortsqueeze.com which measures the daily/hourly measure of stocks, BBT is down today on only 5800 shares. 10 million shares plus is the average volumne. ***11.27% of shares are short and will at some time cover,they estimate 6 days. Thats 52,191,100 shares that WILL COVER. Check out the information on any site you may choose. Shortsqueeze is free for first 10 stock info I believe.
I've suggested a few times in the past on this board that one of the paths of organic growth for BBT is eating the deposits of weak community banks that it takes over. In my view, as much as anything, the fact alone that FDIC selected BBT for this role indicates that our balance sheet is as strong as we have thought. Not that these are easy times for *any* bank... but this does feel like some vindication, and a good long-term indicator for BBT.
That's right but with the dividend coming and BBT buying up deposits and expanding into more markets, wouldn't you cover if you were short. Better known as a short squeeze! I know I have been accused of ineptness etc on this board but I still think this is a great stock going to $40. BTW, do you think they will aquire another bank this week in MD?