Recently, FuelCell Energy, Inc. (FCEL) share price declined for over 27% on relatively weak trading volume. Keep in mind thatstock is underperforming the S&P 500 by approx. 13, and has been more volatile on a day-to-day basis than most of other NASDAQ stocks.
We may seen a short squeeze in shares of FCEL judging of close to 10% of floating shares are sitting short.
FCEL’s stats from Yahoo:
Shares Outstanding 5 85.96M
% Held by Insiders 1 5.65%
% Held by Institutions 1 17.47%
Shares Short 3 7.45M
Short Ratio 3 15.5
Short % of Float 3 9.68%
Shares Short (prior month) 3 5.86M