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austinhippie (70.14)

March 2015

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Is PRAA going up because of a short squeeze?

March 24, 2015 – Comments (0) | RELATED TICKERS: PRAA

    I have been struggling for sometime to understand the short ratio on PRA Group. Portfolio Recovery (PRAA) is an outstanding company that is well run and profits in the worst of times.  It is my running hedge.  I've owned it for years and follow it closely.  Does anyone else think that we are seening a short squeeze on PRAA?  The volume isn't very high and the price is going up.  Could the short sellers be experiencing margin calls on their inaccurate bets?  Could they be buying shares? Trying to figure it out?  Any references for learning more about this would be appreciated.  Thanks.  [more]

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