Diamond Foods (DMND +9.5%) spikes as SunTrust's Bill Chappell tells CNBC that short sellers -...

|About: Diamond Foods, Inc. (DMND)|By:, SA News Editor

Diamond Foods (DMND +9.5%) spikes as SunTrust's Bill Chappell tells CNBC that short sellers - who hold 45% of the company's float - could be spooked if accounting issues get resolved by mid-February and DMND comes out relatively clean. Shares had jumped earlier this week on a rumor that David Einhorn had acquired a stake, which Chappell says would be a "catalyst."