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Skechers U.S.A., Inc. Message Board

  • catch83sails catch83sails Sep 26, 2012 10:06 AM Flag

    Short Interest below 10%

    As of Sept 14 this stock had less than10% short interest and it has dropped steadily for the past several reports. Shares short have moved down to roughly 3.7 million shares from 7.1 in mid June.

    I mention it because IMO shorty appears to be moving on and secondly I want to keep it in the back of my mind when selling calls. At least shorty seems to think the worst is over here and the price could move up, again IMO.

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    • Well, I am still holding my little short here. Haven't added to it, though.

      Sentiment: Sell

      • 2 Replies to johninjapan2000
      • Did not know if you saw this, but thought I would throw it up just in case.

        Skechers USA Inc.’s (NYSE:SKX) domestic wholesale business is expected by Sterne Agee to be positive in Q3, and it will gain momentum in the near future. The firm keeps its Buy rating on the stock.

        Only time will tell if Poser is right, but there is the info.

        One other point, the short interest had gone down a little more as of Sept 28, but of course Oct 2nd the Susquehanna price target was dropped and the bottom fell out.

      • Hey John

        Hope all is going well for you..

        Well done sticking with it (that took some nerve when it shot up). I must admit I thought this might lay around $20 and possibly move up into earnings. I did sell Oct $22 calls against part of my IRA shares a while back and have not bought them back as I would have had to much profit not to take some off at that price (though I will never likely show an overall profit here, I lost to much early on).

        I have not kept up with this like I once did, but I just do not see much lower than here. I might sell a few naked puts if they knock it down more. I just do not see book value getting hit to hard since I suspect they will actually make a profit this quarter (finally).

        Be well


21.91+0.69(+3.15%)Sep 29 4:02 PMEDT