Here's some more math on the situation.
The company has only about 19.1 million shares outstanding.
Approximately 6.7 million shares are officially short.
That puts the official short float at around 35.7%.
The days to cover is 10.6.
Now here's the part I think some people are missing: if roughly 1 million shares get locked up this week by Russell, iShares, and other index-style holders, that means about 1 million fewer shares are actually trading freely.
So the shorts aren't really up against 19 million easily available shares. They could be facing a much smaller real tradable float.
This suggests that with fewer shares for shorts to access, the potential for a squeeze might be larger than some realize.
$Tesla Motors(TSLA)$ had its hype cycle. $GameStop(GME)$ had a full movement. $Beyond Meat, Inc.(BYND)$ showed how beaten-down names can surge. $Wendy's(WEN)$ got attention and then faded.
$Jack In The Box(JACK)$ seems to have a tighter setup: tiny share count, heavy short interest, high days to cover, fewer tradable shares, and retail interest is just starting to build.
It feels like a potential perfect storm and a key name to watch for a possible short squeeze.
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