FIO has huge short interest ... almost 50% of float .. ..... ...
was short as of Aug 15th.....there could be a big short squeeze in the works as after today's breakout
FIO is going to be on a lot of traders radar. Tomorrow should be a wild roller coaster ....the conference call should fuel speculation of buyout.to some degree especially with 2 recent buyouts already of flash storage companies. If shorts run for cover this could see $20's without a buyout announcement.
Shares Outstanding5: 100.16M
% Held by Insiders1: 7.20%
% Held by Institutions1: 95.00%
Shares Short (as of Aug 15, 2013)3: 28.44M
Short Ratio (as of Aug 15, 2013)3: 7.50
Short % of Float (as of Aug 15, 2013)3: 44.20%
na, only a few shorts left..I'd bet most covered since that last Q, great calls, bravo...this however is speculation on further consolidation..any more legit rumbles soon and FIO sees $18-$20 is my guess.