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HOG - Etrade could not borrow HOG shares for shorting today.

|Includes: Harley-Davidson, Inc. (HOG)
Share Statistics
Average Volume (3 month)3: 5,342,360
Average Volume (10 day)3: 5,676,850
Shares Outstanding5: 232.62M
Float: 229.78M
% Held by Insiders1: 7.42%
% Held by Institutions1: 89.90%
Shares Short (as of 10-Jul-09)3: 44.75M
Short Ratio (as of 10-Jul-09)3: 11.1
Short % of Float (as of 10-Jul-09)3: 19.30%
Shares Short (prior month)3: 42.79M


Ten days worth of trading volume would be required for shorts to get covered. Harley-Davidson is slowly becoming a binomial investment. I have strong short-bias but if additional shorts can't be placed due to unavailability of stock-borrow, shorts can get super-squeezed if Davis fund or  Buffett of the world come to add to their longs. I think buying long-dated puts might be the best way to play this one going forward.