John Gilliam
Long/short equity, special situations, event-driven, micro-cap

Will Blyth Shares Go Parabolic As Unshorted Float Approaches Zero?

A couple of weeks ago, I wrote an article about my expectations for a slow and steady short squeeze that I thought might be developing due to the supply/demand issues developing with Blyth (NYSE: BTH) shares. Blyth shares have methodically moved higher on increasing volume in the days since, but several things have developed since that time that now lead me to believe that BTH shares could make a parabolic move higher in the very near future.

1) I believe there are now be more shares sold short than there are shares free trading. Insiders own 51% and institutional investors appear to own somewhere between 40 - 55% depending on the degree to which the most recent 13F filings

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details