No. of Recommendations: 2
First off, congrats for getting back to black!!! Many more happy returns to you.
This short interest is a real head-scratcher. While the price went up 169% from
the 5/9 earnings call and the $4 billion announcement to the end of June, the short
interest actually increased from 36% of float to 39% of float! No short
squeeze there. Short sellers seem entrenched.
At the end of July we'll see what the short interest was on July 14th. Given the
attitude of short sellers so far, I'd be surprised to see the short interest
significantly lower. I'm guessing it's not a short squeeze -- yet -- but rather
accumulation by some large player(s). But all speculation as this is way beyond
my pay grade.
Ears <long Upstart>
