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Is A Short Squeeze Ahead for Cirrus Logic, Inc. (CRUS)? - Tale of the Tape

Posted
1/15/2014 9:26:00 AM
By: Zacks.com
Referenced Stocks:CRUS

Many investors appear to be quite bearish Cirrus Logic, Inc. ( CRUS ) especially if you look at the percentage of the float that is sold short for this stock. Currently, 22.5% of the float is sold short, suggesting an extreme level of bearishness for CRUS.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #1 (Strong Buy) on CRUS, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of CRUS to move higher in the weeks ahead.



CIRRUS LOGIC (CRUS): Free Stock Analysis Report

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