- Pacira BioSciences reported earnings last week, and the company missed on its EPS estimate while beating its revenue estimate.
- The company has seen tremendous earnings and revenue growth in recent years and it appears as if they will going forward.
- Short sellers have established a huge short position on the stock and that could help fuel a short-covering rally.
- The stock has pulled back over the last three months but appears to be finding support at its 52-week moving average.
For further details see:
Pacira BioSciences Looks To Reverse Current Trend, And A Huge Short Position Could Help