Shorts in Position for Fastenal's Earnings

On Monday the 13th of July, Fastenal Company (FAST) will announce their Q2 earnings numbers. Many believe that Obama’s stimulus bill will be beneficial to FAST as their products are so essential to nearly every kind of industrial and construction project.

The short base (measured by the Percent Shares Outstanding on Loan) is relatively high at 11.91% which has increased 2.3% in the last week.

The utilization (which measures the supply and demand in securities lending market) is also relatively high at 57.44%. FAST missed Q1 numbers and it will be interesting to watch how short traders position themselves ahead of Monday’s announcement.

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