CMG short interest is at $776 million, with 1.88 million shares shorted. The stock was up 2.6% during the day & is now up 8% in the aftermarket on strong 3rd Quarter results. Shorts are down $54 million in mark-to-market losses today, adding to the $591 million incurred YTD. Shares shorted fell by 230 thousand over the last week ahead of the earnings call. We may see more short covering tomorrow morning if CMG’s stock price continues to surge.
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Managing Director Predictive Analytics, S3 Partners, LLC
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