Sep. 12 at 10:58 AM
$HIMS
A stock with ~26% of float short and ~8 days to cover has a crowded short. If positive news, heavy buying, or a squeeze catalyst hits, shorts may have to scramble to cover, which can amplify the move higher. That is a setup, not a guarantee. High short interest can also stay high for a long time if the thesis (overvaluation, competition, dilution, etc.) remains intact.
The off-exchange 65% short ratio is elevated for a single print, but one day’s dark-pool short volume is noisy. Look at the trend over several days plus the official bi-monthly short interest change to see if shorts are actually adding or covering.
