It's obvious nobody is shorting PBY recently<G> but I just noticed that short interest from 10-30-09 to 12-15-09 has dropped over a half million shares. I am of the opnion that this is bullish as you can see they are covering their short positions: DaninFW
Pep Boys-Manny, Moe & Jack (The) ( PBY) Short Interest
PBY Pep Boys-Manny, Moe & Jack (The)NYSE Settlement Date Short Interest Avg Daily Share Volume Days To Cover 12/15/2009 4,201,488 549,889 7.640611 11/30/2009 4,404,005 328,137 13.421239 11/13/2009 4,694,676 342,145 13.721305 10/30/2009 4,719,767 525,522 8.981103
All we need is some bullish news with these low volumes and stock should rocket. DaninFW
One thing right now is that 4th quarter and year end are reported 4 months from the last report and 1st quarter comes only 2 months later. We will not see numbers till early April 2010. However, many things could ignite the stock price.
1) Announcement of a new CEO with Real World Experience and proven ability. 2) Announcement of a share buyback. 3) Announcement that someone, a fund or person, has taken a 5%+ new position in PBY. 4) Announcement that they have acquired a mid-size chain of 24+ stores. 5) An update as to how successful latest acquisition has been. 6) The earnings report for O'Reilly and Advance will come out a least 5 weeks before PBY report and could spark action. 7) Analysts have been down on whole sector. I reversal would drive all. 8) An acquisition of MDS, MNRO, etc. would spark talks of further consolidation. 9) Just a few possibilities. 10) Very limited downside risk.