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I - Intelsat - Possible Short Squeeze In The Making
Intelsat S.A.
Some information was released on Christmas Eve which REALLY surprised me, and so I wanted to highlight it for the readers.
The NYSE released short interest statistics on December 24 and here is what we learned about Intelsat (I).
Exhibit 1
You can see from Exhibit 1 that short interest was relatively stable at around 23% of the float for about 6 months. But then in early November the Intelsat crash occurred. If you are new to the stock and want to understand why Intelsat crashed and why I think it is now