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
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