Tempur-Pedic (TPX) Rips Following Q4 Numbers as Shorts Get Squashed
Tempur-Pedic International, Inc. (NYSE: TPX) shares are ripping in after-hours trading today after reporting Q4 EPS of 60 cents on revs of $341.1 million, compared with consensus estimates calling for EPS of 55 cents and revs of $339.0 million.
Recent market data has short interest at 5.64 million shares, or 9.7 percent, of Tempur-Pedic outstanding shares. The number dropped 8.8 percent from the middle toward the end of December, but is still a large position for a multi-billion dollar company.
Accordingly, Tempur-Pedic is up over 17 percent in late trading Thursday.
Recent market data has short interest at 5.64 million shares, or 9.7 percent, of Tempur-Pedic outstanding shares. The number dropped 8.8 percent from the middle toward the end of December, but is still a large position for a multi-billion dollar company.
Accordingly, Tempur-Pedic is up over 17 percent in late trading Thursday.