glen....thats a pretty high number of shorts with under 30myn shares outstanding....the shorts always tend to punch above their weight in suppressing positive movements in the stock price.....and pouncing on bad news to the downside.....UNTIL THEY DONT....AND THEY RUN SCREAMING FOR THE EXITS!!!
Gamco, I think you have it backwards as the 1.88M has to be bought by the shorts and 3M bought by the company. Which means approx. 5M shares. If those 2 entities bought every share of the average volume it would take a month. Currently insiders and institutions own a little over 26.1 M shares. Outstanding shares 29.66 M. I also believe that they bought 300K shares in the 4th Q. If shorts were covering it will be above $69 as there is a deep pocket buyer at $69.
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