MBIA (MBI +17.4%) surges after BTIG initiates coverage with a Buy, saying the stock may triple...

|About: MBIA Inc. (MBI)|By:, SA News Editor

MBIA (MBI +17.4%) surges after BTIG initiates coverage with a Buy, saying the stock may triple if short sellers are forced to cover their positions as the company nears settlements over loan losses during the financial crisis. Large short interest - 28.5M shares short vs. a float of 140.4M shares - plus concentrated institutional ownership "could set the stage for a dramatic short squeeze."