$Hawaiian(HE)$ was flagging on the @SqueezeFinder watchlist as low at $10.35 on July 11th, and now is over $19 after just the right news came to trigger the necessary buyers to push out shorts pretty aggressively. The live watchlist constantly searches for potential ideas.
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This was priced and shorted like it was going bankrupt due to the looming lawsuit. Now HE is no longer on the entire hook to pay the 100% of the settlements and will be settled as a group, only paying 1.5B or less.