Friday night Jim Cramer reminded his viewers on Mad Money that Bed Bath & Beyond (BBBY) would be reporting earnings on Thursday, but he said this turnaround story has yet to gain any real momentum and the stock is heavily shorted. Indeed, the web site www.shortsqueeze.com reports that the latest data showed 72,560,000 shares shorted versus 69,350,000 in the prior monthly report.
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Let's stand aside for now and see how things unfold.
Here's why diving in now might lead to heartburn....
Sol Global and MMCap are fighting in court over who owns or owes what of the company's shares.