IBM just passed VZ as 5th or 6th most shorted DOW stock.
That's about 19 mil shares which is about 1.8% - 1.9% total shares short.
The report due about July 20 will probably shake out the shorts either way.
And probably establish a range either in the $180 - $200 or $200 - $220.
Given Q1 it may be a year that IBM struggles to hit the bogy.
It may also a year when IBM buys back more like $12 bil of stock rather than the $15 bil of gross buybacks last year due to acquisitions.
I'd be happy to see IBM at $200 at YE. We may see some revenue and margin pressure from the transition to cloud.
I added a little VZ yesterday. The transition to cloud will benefit VZ & T.