5 Stocks Set to Soar on Bullish Earnings
I also featured Spirit in "8 Stocks Rising on Monster Volume." NutriSystems
My final earnings short-squeeze play today is NutriSystems(NTRI) , which is set to release numbers on Tuesday after the market close. This company is a provider of a weight management system based on a low-calorie, portion-controlled, prepared meal program, government, and industrial markets worldwide. Wall Street analysts, on average, expect NutriSystems to report revenue of $133.98 million on a loss of 8 cents per share.
If you're looking for a heavily-shorted under-$15 stock that's trading very close to a big breakout trade heading into its earnings report, then make sure to check out shares of NutriSystems. Sidoti recently initiated this stock with a buy rating and a $16 per share price target. If this stock can manage to breakout post-earnings, that target could easily get hit.
The current short interest as a percentage of the float for NutriSystems is very high at 20.4%. That means that out of the 26.30 million shares in the tradable float, 5.29 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 5.5%, or by about 273,000 shares.