Short sellers could be on the run here in several retailers. Each day our software tracks stocks that have high short interest and are either short squeezes or potential short squeezes in a real time.
After the FOMC announcement, several stocks in the retail space are shaping up nicely as potential short squeezes. Noteworthy moves today include Pacific Sunwear (NASDAQ: PSUN) up 4.13%, Finish Line Inc. (NASDAQ: FINL) up 3.22% and True Religion Apparel Inc. (NASDAQ: TRLG) up 2.00%.
Pacific Sunwear (NASDAQ: PSUN) has 3,356,015 shares in the short interest with a short ratio of 2.62. Finish Line Inc. (NASDAQ: FINL) has 2,592,396 shares in the short interest with a short ratio of 3.58
True Religion has 5,413,732 shares short with a short ratio of 8.75. The stock has recently pulled back from $28.90 to $18.84. Estimates are for $1.88 this year and $2.10 for next year which hardly makes this an expensive name.
What are the short sellers thinking?
Geoffrey A. Garbacz, GoodMorningWallSt.com
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
