Most people look at short % float to look for potential short squeezes. I look at them to identify potential good shorts on companies that are not doing great.
Generally speaking heavily shorted stocks will go down in time (even tho they might experience squeezes from time to time). Also from a technical standpoint TEAM is trading below both 200 and 50 MA and it seems likely they will cross soon.
Generally speaking heavily shorted stocks will go down in time (even tho they might experience squeezes from time to time). Also from a technical standpoint TEAM is trading below both 200 and 50 MA and it seems likely they will cross soon.