Papa Johnâ€™s IntlÂ (PZZA) short interest is $221 million; 5.28 million shares shorted; 24.90% of float; stock borrow cost is Â 2.40% fee.
We have been seeing increased short selling in Papa Johnâ€™s in February which is a reversal of Januaryâ€™s short activity when short sellers trimmed their exposure by 16% and covered 733 thousand shares. We have seen shares shorted increase by 1.4 million shares in February, an increase of 35% as short sellers rebuilt their short exposure in the stock.
We are seeing additional short selling today, short sellers are putting their finishing touched on their PZZA short exposure ahead of their earnings report tomorrow.
Shorts are down -$11 million, -6.11%, in mark to market losses in January and are relatively flat , down $779k in mark to market losses, in February.
Short sellers are active today, continuing to build their positions ahead of Tuesdayâ€™s earnings report.
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Managing Director Predictive Analytics, S3 Partners, LLC
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