Up almost 12%! Can you say SHORT SQUEZZZEEEEE............Settlement Date Short Interest Avg Daily Share Volume Days To Cover 5/14/2010 5,786,799 2,365,108 2.446738 4/30/2010 5,178,480 3,845,414 1.346664
The longs are accumulating...and holding for the long-term. Meaning = each trading day shorts have less and less shares to short. Supply is dropping off incrementally. This is the result of visibility. Less liquidity means more upward mojo!!
Yes longs have VERY tight grip on their shares. You can look at the chart and see who's winning the battle. I honestly don't know how they can continue to be short. Volume doesn't dictate that they are covering, but yesterday was possibly the start of something.
I love it. Shorts will have to cover and eat crow.
Does anybody worry about the over enthusiasm in this stock? Shorts are not dummies.