They just upped guidance big time to EPS of $1.45 this year and over 38% of the float is caught short. Prime takeover target according to most of the analysts and all 8 of them rate KITD as a buy. She'll squeeze hard at some point.
The shorts actually increased their short positions as of 1/13/12.
Now there are 17.5m shares short and 9m were bought at about $10 or less.
They are taking on water BIG time. As we inch closer to February and this stock begins to run we will have a great short squeeze situation, imo.
I can not wait for this to play out. I was thinking $16 by earnings, but with that many needing to be bought back, it may power higher.