Bed Bath & Beyond carries huge 52% short interest into earnings.
Historically BBBY has seen major volatility post earnings, today's report after the close should be very much the same. Options traders are betting on 16%price moves on what could prove to be a very important report,having staged somewhat of a comeback in recent months since the last selloff.
Consideration -
Huge 52% short interest could be seen as a possible catalyst for a rally.
Expectations are very low, any positive surprises could be seen as very favorable.
technically the chart is showing bullish signs and maintaining some buy signals.
Average analysts price target $14.04
Average analysts recommendation Hold
Short interest 52%
Company profile
Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. It operates through the Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat!, Harmon or Harmon Face Values, buybuy BABY, and World Market, Cost Plus World Market or Cost Plus brands. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.
Consideration -
Huge 52% short interest could be seen as a possible catalyst for a rally.
Expectations are very low, any positive surprises could be seen as very favorable.
technically the chart is showing bullish signs and maintaining some buy signals.
Average analysts price target $14.04
Average analysts recommendation Hold
Short interest 52%
Company profile
Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. It operates through the Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat!, Harmon or Harmon Face Values, buybuy BABY, and World Market, Cost Plus World Market or Cost Plus brands. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.