This one shold be fun... CalMaine foods produces eggs. Yep.. that's all.. eggs..
However eggs are in short supply in the S and prices have gone up 45% in the last few months.
Now the stock has risen 175% in the last 52 weeks!!!
Since investors feel this hike is way out of the ordinary, they short the stock.. waiting to reep the benefits of the crashing share price... it's come to a point where 75% (!!!!!) of the outstanding shares are held short!
with so many people holding the stock short... CalMaine made an interesting move in declaring a dividend - this means all short holders will have to pay the owners the dividend price... if quarterly reports are good... shorters will have to cover their positions by buying the stock... sending this baby sky high...
The Tuna intends to be there for the score :)
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