Tuesday, September 24, 2013

Sears Short Interest Update ($SHLD)

Short interest was down to 15,931,810 as of 9/13. That was less than 700,000 shares fewer than at peak two weeks earlier.

5 comments:

Stagflationary Mark said...

For what it is worth, I was an early heckler of Sears (and was heckled in the comments of my blog at the time).

I have also followed some of your recent posts about Sears out of curiosity.

I have no desire to enter that crowded short trade but I will say this. If the management at Sears plans to unlock the value of the pieces of Sears, then I suggest they hurry along. Time may be running out.

Chicago Fed National Activity Index (Musical Tribute)

That is one fugly chart. I'm not trying to predict the future of course, but as a permabear it coincides well with my long-term outlook. Sigh.

Stagflationary Mark said...

As a side note, SHLD closed at 93.45 the day I heckled it on May 5, 2008. It's definitely not been a good 5+ years for shareholders.

Stagflationary Mark said...

Oops. I said May 5th. It was May 8th. The price was right (since I copied and pasted it). I just had the date wrong when I posted my comment.

CP said...

If Sears is worth $N and five billionaires think it's worth $X, what price will it trade at?

Stagflationary Mark said...

CP,

If Sears is worth $N and five billionaires think it's worth $X, what price will it trade at?

Did I mentioned lately that I have no desire to enter that crowded short trade? ;)