Long $OSTK – Overstock Headed Sharply Higher (Despite Obvious Problems) – ValueWalk Premium
Long $OSTK

Long $OSTK – Overstock Headed Sharply Higher (Despite Obvious Problems)

Long $OSTK – Overstock headed sharply higher (despite obvious problems)

  • As of December, short interest in OSTK hit 42%. Latest data will be released after market close today. Given recent activity, I expect short interest to hit 50-60%.
  • The key to the rising share price is understanding what is happening behind the ICO. The “optimal” size for OSTK share price is actually far less than $500 million.
  • Current investors in Overstock have obvious incentives to make moderate buys in the . . .

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