Friday Morning Thread

MLNX daily chart.

Short squeezes happen. MLNX reported better than expected earnings on Thursday morning. They also upped their guidance. And there were at least 2 analyst upgrades Thursday morning. Add to that, at last report, the short interest ratio was 8.20, meaning 8.20 days of average daily volume to cover the short interest.

MLNX trades about 250,000 shares per day. It traded over 5.2 million shares today and was up a whopping 52%. Trade 'em if you spot 'em. You know the algos were in there.