Thursday, September 11, 2008

LULU Update

LULU is currently +10% (update: ended +14%)
Short Percent of Float 74.35 %
Days To Cover (Short Interest Ratio) 16.2

This squeeze can last a while!

14,869,900 share short
1.2 million avg volume

4.3 million shares traded, lets assume that 3 million were shorts covering (thats huge).
That leaves 11.8 million shares left to be covered.
New Days To Cover (Short Interest Ratio) 9.8

Reuters on Earnings
AP on Earnings