1.3 million shorts would need to cover pretty soon. At current daily volume this is 13 days to cover.
I could see them starting to get nervous, especially as we get near earnings, which will be in the record territory.
The calculation is short interest divided into average daily trading volume, on an uptrend, it is more like 2 to 3 times the number of days to cover because there will be lot of buying and short covering than selling of the stock. If current trend continue, most investors will not sell until it hits $6 and above. LIWA fair value at 5 PE is around $9, it is still has plenty upside potential between now to March earning call day.
LIWA is looking between 54 cents to 58 cents on last quarter, and if CEO does have some GOOD news to show on the new CCA wire and/or dividend distribution or stock buyback, shorts will run out of the kitchen.
shorts should have run out of the the kitchen and not the door hit them on the way out when LIWA capitulated to low $3's week of September 14th. Same number of shorts then as there are now and LIWA up $1.65 or 50% since then.