I was shocked when I saw AutoZone's lousy balance sheet and its high stock price.
- Total equity: -187.30 million in Q1 09
- Increasing inventory(in million US$)
Anybody short it? Of course! But many guys's short position got squeezed, let alone those puts got expired.
- Elitetrader thread: Short Opportunity of A Lifetime AZO Auto Zone
- texas6006's march put got expired.
Market manipulation? Yes! But where is your evidence? That's what this artile will show you.
Let's see major holders of AZO. Institutions hold 108% of float shares!!! Short squeezed? Absolutely!
- RBS PARTNERS, L.P. hold 40.67%, 23,370,297 shares. This hedge fund is backed by billionaire Edward Lampert.
Short interest rate are so high that this offers market maker a good chance to squeeze your short position.
- Shares Outstanding5:54.69M
- Shares Short (as of 10-Mar-09)3:6.22M
- Short Ratio (as of 10-Mar-09)3:2.8
- Short % of Float (as of 10-Mar-09)3:11.50%