ZUMZ is a stock that many love to hate. In the past, me included. I have stayed away from ZUMZ for a while. Revisiting it now, It is pretty surprising how its PE, Foward PE, PEG are now in line with real businesses and their PPS.
PE in the 16s, Forward PE in the 11s ?? ZUMZ looks attractively priced to me. I bought at 25, so I am a little underwater at current price 24.11. But I think that is still a decent price once the day traders get done with this.
I agree with you moneynow. Guidance and earnings not impressive. Short squeeze? I guess that may be the reason. The % ratio of shorts isn't too high. But with 3M shorts on a thinly traded stock, well that could be enough to squeeze.
I was waiting for it to break out above 52 before shorting, which it just did.