Short Squeeze: THQI Ready To Blow
THQ Inc. (NASDAQ:THQI) has over 20% of the float shorted. This is a whopping 12 million shares. To find out whether or not a short squeeze will soon occur one must look closely at the details of the company. First, the market cap sits at $47 million while cash sits at $51 million. This shows us a company trading below cash value. While hemorrhaging money, the company still does revenues of around $800 million.
These factors all point to a possible buyout. With so many shorts, any sort of pop will set off a mass short squeeze. An upside move could easily be above a Dollar per share. Keep this stock on your watch list.