With about 30% short (approx. 15 - 16 million shares) it will take shorts a couple of WEEKS of sustained buying to cover!!!
With the genius plan by management to buy back shares, they cannot attack anymore! Fewer shares in the market. What happens with an announcement?
NO WAY OUT! We then do get a squeeze and minimum $18 FAST!!!
Oh and 55% Inst owned based on 61mil shares=33.5m owned.
33.5m based on 55 mil. outstanding=61% Inst. owned.
This assumes same amount of shares owned after buy back. Oh my.
Been waiting a while for this to rekindle...Just in time for thanksgiving
Sentiment: Strong Buy
go to the nasdaq site they give you the short interest