Anatomy of a Short Squeeze

I don't often discuss MicroVision simply as a stock, but this seems to be a good time to do so.

This financial information is from Yahoo Finance "Key Statistics" page:

Shares Outstanding: 47.22 Million

Shares Short: 8.43 Million

10 day Average volume: 279,000

Divide 8,430,000 by 279,000 = 30.21

That's 30 days of average trading to cover all of the shorts.

MPCL1 - should start shipping in within the next two weeks.

From The Street

...when a company like Whirlpool continues to disappoint investors quarter after quarter, it builds up a sizable number of short sellers. In the case of Whirlpool, almost 10% of the company's available shares were sold short ahead of its most recent release. So when Whirlpool not only surprised Wall Street with great earnings but also raised guidance, it caught all of those short sellers completely off guard and on the wrong side of the trade.

What ensues is a classic short squeeze, explained Cramer, where hundreds of short sellers all look to cover their positions at the same time, only to find there are no shares available at the current price. So the price rises. As the situation becomes more and more desperate, the share price will continue to rise, sometimes day after day, until all of the short positions have been covered. Cramer said the situation is often made worse by retail investors, who are also looking to buy shares since the company now seems to be on the right track again.