Short Interest Update (spoiler alert, it hardly went down)As i have posted before, there is a relatively large short interest in Pollard which, in my opinion, is a very dangerous position to be in with such a small public float and low trading volumes.
As fo Feb 15 (the last reported period) the short interest has only gone down around 4,000 shares and remains at 214.72k on a stock that only trades around 9.2k / shares per day.
The annual results today should continue the stocks upward movement. Shorts should be VERY concerned the record results, dividend increase (which increases their borrowing cost on the stock) and very optimistic forward guidance.
Imagine what will happen to the stock when shorts try to must 214k shares back. That would be all of the volume in the stock for the next 23 days without any other buyers.
I don't know when the shorts will cover but they need to as their loses and carrying costs continue to rise. When they do, Pollard's shares will see a significant spike in value. This stock is heading much higher, do NOT be fooled into selling your share, especially to help shorts cover their positions which cause the stock to decline 60% from its highs. It time for payback now.
Additionally, there is a rotation happening in equities and there is finally a renewed interest in small caps and Pollard will also benefit from this rotation out of larger caps as well. Everything is lining up well for PBL's stock price.