Just checked the short interest info, 218.4k still short
The movement in the stock yesterday was great. I am always trying to understand the bases for a significant move supported by almost 2x the average daily volume. I was wondering if it was short covering.
I rechecked the short interest on yahoo finance, the last update was Jan 15, it is still 218.4k.
The higher and fast the shares appreciate, the great the pain / urgency will be to cover the short.
I think a secondary trend is that the Russell 2000 is finally getting some love again and it out performed the other indicies. I think as portfolio managers look for growth / out performance that the shift to smaller caps is inevitable especially if were are at / near the end of the US rate cycle increase.
Hoping for another good day.