Short interest figures for AMTD... confirms what I thought. Great potential for short squeeze. These shares are not being held for a secondary, but rather were shorted over time...IMO. Looking back 12 months confirms this.
Float is currently around 5 mil shares so about 20% short. Fairly high... especially considering average daily volume (around 100,000).
Looking back it seems many shorts climbed on board when AMTD had it's last run between OCT to DEC. You can see what the shorts did then for the price. Most have not covered and if anything AMTD's fundamentals have improved.
04/98 - 972,814
03/98 - 1,024,844
02/98 - 975,443
01/98 - 900,731
12/97 - 818,276
11/97 - 736,369
10/97 - 386,059
09/97 - 96,881
08/97 - 80,074
07/97 - 8,015 |
