Bottomed out at $1.10 around this time last year on heavy short interest; just closed at $10 yesterday.
nls topped out $33.00 around this time last year on heavy short interest; just closed at $13.60 yesterday.
"These are people who stayed short a financially solid company at 5x ttm earnings (ie $10 per share). They're playing the lottery, not managing money."
theres nothing finacially solid about this company they have one product that made them money and sale of it topped out and are in sharp declin with nothing new one product companys who buy bankrupt companys do not stay in business
and this is a fact astboy have not made dime on this stock but has lost money what away to managing money!!!!!!!!!!!!
just i to remind you how astboy twist fact and data to suit his needs!!!!!!
I disagree. Just glancing at the financials demonstrate NLS is at least decent (zero debt, lots of cash, huge operating cash flow and free cash flow); yes sales are declining but it's a premium product - which generally don't sell well in a downturn (aside from low cost items such as a Starbucks coffee, Krispy Creme donut, etc.).
NLS could wind-down its fitness machine business as it expands its other business lines. Note, this is a high operating leverage company (mostly sales/marketing than continual capex investments).
I'd expect shorts to continue their covering over the next 6 months; otherwise, they will get short squeezed next year. guaranteed.