I thought GRPN's short interest had come down but was surprised to see that it was still 37 million shares shorted as of middle Jan. Still very high and remains a drag.
That is actually good news for long.
If grpn could beat earnings two qtrs in a row, this could easily jump back to 16-18 level
Really, you're talking about $16-$18? I know a year is not that long ago, but this looks like it happened back in the ice age.
I think your number is wrong, or I'm reading it incorrect.
Never mind - I was looking at % LOL sorry.
short interest is only a drag when those trades are put on - sell pressure. Now they are a plus - short covering will carry this stock to $10...
Sentiment: Strong Buy
As of Dec 31st there were over 40 million shares short.