What a wild ride for SZYM. The stock went from a high of 16.31 on 4/3/12 to a low of 9.40 on 5/3/12 (a 40% drop in just a month) and then rally to a high of 12.59 on 6/12/12 (a run-up of 34% in a little over a month). Don't let the recent rally fool you into thinking this stock is heading higher still.
Let's consider some of the metrics I look at.
- The short ratio - it's 13.90. This means that it would take 13.9 days based on average daily volume to cover the number of shares short. 13.90 is a high number indeed. A lot of people are betting against this company.
- Technically, the name looks a bit stretched.
- On a strong tape on Tuesday, SZYM actually declined a bit. This is not a good sign.
SZYM to trade lower.