Is A Short Squeeze Ahead for Bon-Ton (BONT)? - Tale of the Tape
Many investors appear to be quite bearish on The Bon-Ton Stores, Inc. ( BONT ), especially if you look at the percentage of the float that is sold short for this stock. Currently, 39.8% of the float is sold short, suggesting an extreme level of bearishness for BONT .
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 have a Zacks Rank #1 (Strong Buy) on BONT, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of BONT to move higher in the weeks ahead.