Twitter Inc (TWTR)

[ulfahl]

$TWTR get ready to p/u some cheapies.
Profit takers here, bounce coming.

Shorts have been piling into Twitter on the hopes of the IPO lockup expiration (potentially causing a big wave of selling pressure), but it appears that this trade is over. Shorts waiting for additional losses on May 5 could see the stock surge when this "spooky" and much anticipated date comes and goes without a big sell-off. According to Shortsqueeze.com, almost 46 million Twitter shares are currently short. This represents nearly 12% of the entire float. This is also up from about 42 million shares short (or a nearly 10% increase) from the data in the prior month. That means this trade could be crowded and that shorts might be disappointed when May 5 rolls around. This is another reason why I expect this stock to rise in May.