Fossil tonight. It's been left for dead but it has a great track record of beating. $FOSL $FOSL 4Q $921M rev & $0.64 eps $FOSL up 43% after ER wow $FOSL Fossil reports Q4 EPS 64c, consensus 40c After-Hours: $FOSL up almost 48% on an earnings beat. Short float 38% as of 02/09/18 so a lot of bears/hedges getting torched here. (No pos) $FOSL lol are they still irrelevant $FOSL +70% OMG! They must have CRUSHED it $FOSL
Short Interest: 18,888,100 vs Prior 18,730,600
Days To Cover: 7.5
Short & of Float: 43.17%
Short % Increase: 1%
Float: 43,750,800 $FOSL so what is it now still down 75% from its highs $FOSL +2% in Comparable sales vs down 6% expectations. 31% increase in E-Com sales. Margins 48.7%. Beat by $0.27. 44% Short. You mad? Good! Fossil up 100% after -7% in sales.
Why you ask ?
Just like inverse VIX. Fossil was heavily shorted. $FOSL