RE:RE:RE:RE:Very bullish indicator high short coveringSomeone already tried to squeeze the shorts with buyout rumors. It didn't work. They used the opportunity to short more at higher prices. I have a feeling that if earnings are good and the stock pops, they'll attack again like a rabid pack of dogs and put some garbage in the media twisting some meaningless part of the numbers out of proportion.
Silverbull13 wrote: Short Interest as a Bullish Indicator
Why is heavy short interest a bullish indicator? Well, a substantial accumulation of short interest on a particular stock leaves the door open for a potential short-squeeze rally. This situation typically occurs when an equity suddenly moves sharply higher – perhaps as the result of a positive earnings surprise, or an analyst upgrade. A sharp increase in price results in a loss for the short sellers, forcing them to cover (or buy back) their bearish bets in order to minimize the damage. This rush to cover their shorted shares leads to further gains in the shares, and in turn draws more short sellers into covering their positions. schaeffersresearch