Yeti Holdings Inc (YETI) short interest is $291 million; 9.64 million shares shorted; 59.26% of float; 17.15% stock borrow fee and climbing.
After strong short selling in Jan\Feb, there has been some short covering in Mar\Apr due to stock price rally and high borrow costs.
Shorts are down $134 million, -69%, in mark-to-market losses prior to todayâ€™s trading. With todayâ€™s 3% price spike on a bullish Cowen report adding another $10 million of losses to the wrong side of their P\L reports there is a good chance for a short squeeze in the name. Expect short covering to add to the YETI long buying pressure today.
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