Action headphone company Skullcandy has the honor of being one of the most shorted stocks on the market, but that hasn’t seemed to have slowed the stock down so much lately, according to a blurb on Investorguide.com.
While this should be discouraging news for most companies, an increasing number of analysts are turning bullish on the stock, believing that the stock is set to rally strongly on the inevitable short squeeze. Skullcandy has beat Wall Street estimates for the past four quarters. Meanwhile, institutional ownership of the stock has climbed from 50% to 69.18% in a single quarter, while short interest has risen from 5.1 million to 10.3 million.
It would seem that almost everyone has an opinion on Skullcandy’s future these days. We’re giving it a neutral.
[Link: Investor Guide]
