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Is A Short Squeeze Ahead for Diamond Foods (DMND)?

Zacks Equity Research

Many investors appear to be quite bearish on Diamond Foods, Inc. (DMND), especially if you look at the percentage of the float that is sold short for this stock. Currently, 21.9% of the float is sold short, suggesting an extreme level of bearishness for DMND.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #2 (Buy) on DMND, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of DMND to move higher in the weeks ahead.

DIAMOND FOODS INC (DMND): Free Stock Analysis Report

Zacks Investment Research