Somehow I got my numbers wrong. But the bottom line is, that between institutional holdings and insider ownership, a total of 118% of HLF shares are owned. The public probably holds at least another 5% or so shares, largely for the same reason; to make a killing on the potential short squeeze when HLF finally settles with the FTC, and they are still standing and functional. Then begins the fun!
If, as expected, HLF has grounds for a lawsuit, the Big Short will be in BIG TROUBLE!, and liable for the damage and costs HLF has sustained by the unwarranted attempt to put them out of business.
Thanks for the pat on the back. Everyone is entitled to his or her opinion. I've been here before years ago, with a short squeeze on Andrea Electronics. As I recall, it was something like a 12 bagger by the time the squeeze ended in 1999.
But this time, with about 115% or so of HLF shares in Institutional or Insider hands, it could be worse. All depends on how well the institutions are prepared to sit back and hold on to their shares. Shorts will have no choice but to cover or get annihilated when their assets are liquidated to meet skyrocketing margin calls.
Could hit close to $300 a share before the institutions star to cash out in great enough numbers to break the uptrend. All depends on how greedy they are versus how much they want to teach Mr. Short a lesson.
THAT, of course, would be the time to short the heck out of HLF, as its basic value is probably no more than $100 a share or so.