Holy Short Interest NutriSystem (NTRI)!
Submitted by Ted Gottsegen on Mon, 06/23/2008 - 16:26
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Dropping from $73 to $16 is one thing, but a 60.53% Short Interest, NutriSystem (NASDAQ:NTRI) when does the nightmare end? If I was Larry the Cable Guy, I would ask for a cash advance before NTRI has to close up shop.
It would appear everyone has lost faith in NTRI except the company itself. In this market that continues to tank everyday, it's really hard to put in your faith in what may look like a 'bargain buy'. That P/E of 7.15 just doesn't add up, but neither does the fear in the market. It's just a sign of the times, nobody can help this stock right now.
Should the market turn, this stock could fly, but for now, it's beat. I want to buy this stock, I really do, but you can't fight momentum.
What else is sold short?
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