I find it somewhat remarkable that Coinstar (NASDAQ:CSTR) is one of the most heavily shorted companies on the entire NASDAQ. Even after the short interest decreased by a material amount of over 10% during the last two weeks of May, the short interest as a percent of total float is still over 38%. This is remarkable to me because investors shorting Coinstar have to be solely focused on the Redbox segment of the business, and assume that physical video rentals will decline at such a rapid pace that the company will not have time to react. This is a dubious assumption on the part of the short sellers. Coinstar is dinged because its brand is associated with a...
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