Jul. 2 at 10:21 PM
$JACK
Some more math:
Only ~19.1M shares outstanding.
~6.7M shares are officially short.
Official short float is ~35.7%.
Days to cover is 10.6.
Now the key part people miss: if around 1M shares are locked by Russell/iShares/index-style holders this week, that means roughly 1M fewer shares actually trading freely.
So shorts are not fighting 19M easy shares. They could be fighting a much smaller real tradable float.
This means less shares shorts have acces to, the squeeze thesis keeps getting bigger than people think.
$TSLA had hype.
$GME had a movement.
$BYND showed beaten-down names can explode.
$WEN got attention and faded.
$JACK has the tighter setup: tiny share count, heavy shorts, high DTC, fewer tradable shares, and retail just waking up.
This is the perfect storm and #1 short squeeze watch.
