Green Mountain (GMCR) Higher as Shorts Continue Mass Exodus

December 4, 2012 4:13 PM EST
In the past 30 days, shares of Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) gained a whopping 50 percent. Granted, year-to-date shares are still lower by 19 percent, but its meteoric rise could mean GMCR is no longer among the favorite shorts plays by investors like David Einhorn and friends.

As of November 15th, GMCR drew 43 percent short interest. However, on November 27th, it released an upbeat earnings report, flushing many short traders down the drain.

So far, investors haven't received updated information on short interest or on David Einhorn's position, but few would be surprise to see dramatic reshuffling in light recent sentiment shift.

Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) is higher by 7.5 percent heading into close of trading on Tuesday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Trader Talk

Related Entities

Greenlight Capital, David Einhorn, Earnings

Add Your Comment