BIDU Short Squeeze tomorrow? The short interest for Baidu has risen by more than 14.1%, from 9.5 million shares to 10.9 million shares sold short, as of Sept. 30. That is a pretty sizable increase that could set off a big short-squeeze rally in Baidu that pushes the stock well above its recent highs of $107 a share.
Wall Street analysts are looking for Baidu to post third-quarter revenue of $324.4 million to $333.33 million. If Baidu can come in near the top end of the range and issue guidance that Wall Street likes, then the stock should see a very big short squeeze.
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