Cabella's is a huge sporting goods store chain spread across America. Since their stores are spread widely across the country, they also have a huge mail-order program. Their customers include most sports enthusiasts, wanna-be's, and customers who wish to buy high quality clothing, outerwear, and footwear. Their stores are large, well lit, and often include a food court, thus offering a welcomed rest stop from a long drive. I love the stores, the catalogs, and I love the stock right now.
ShortSqueeze.com is a wonderful site to research CAB's short interest.
|Short Interest (Shares Short)||9,892,500|
|Days To Cover (Short Interest Ratio)||27.2|
|Short Percent of Float||22.76 %|
|Short Interest - Prior||9,984,200|
|Short % Increase / Decrease||-0.92 %|
From this information, we can see that there are almost 10 million shares, or almost 23% of all the stocks shares are being shorted. That means that there is a guarantee that these shares will eventually be purchased.
At average volume, it would take over 27 days of continuous buying to satisfy that debt, and buying has begun reducing the burdon by almost a percent.
This is HUGE!
As I analyze Cabella's daily chart, I can see a 32 day bull market, therefore, I am in! I currently hold a small position and plan to add more as politics and consumer sentiment become more favorable.
It's just good Market-Tao.