$Carvana Co.(CVNA)$ shorts did

shorts did a good job of reducing their bad decision, and CVNA short percentage is down to 69% of the float vs 89% earlier in the month. Last week was a good exxample of what happens to the price when they are doing so. Since the company seems to do OK (or much better than OK according to them), I don't think that the stock will rise to the 150-200 range, however just from the short cover we shall expect another 40-50 point rise (simple, if 20% short reduction affected the price by $15 , how much would it be when the shorts will quit?)........ it will not happen this week but I do expect to happen during the next quarter or two, so all we need to do is sit back, relax and enjoy the show

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