In the last five days, the 'most-shorted' names in the Russell 2000 index have surged over 7.3% from their lows. During the same period, the index itself has managed a still-impressive 2.4% gain. The epic triple-beta dash-for-trash continues to rage and tear the faces off every short who dare use reasonable valuation (macro- and micro-) perspectives to make investment decisions. When will it end?
Another day, another short-squeeze...
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But the last 5 days have been remarkable...
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and since the start of the year, it seems the squeezes have a limit...
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Charts:Bloomberg