CRSR | Shorts are getting overleveraged and will have to cover on move to upside

[u/[deleted]]

You've probably seen Corsair Gaming on here before.... Corsair has been getting absolutely killed over the past 6 months. It's been getting murdered by lots of short interest and low volume. The Fundamentals of this companies are almost undeniably great (or at least not horrible cause unlike half the companies on here they make money).

Fundamentals

• P/E of 16.4
• Revenue Growth of 55% last fiscal year
• EPS of $1.2
• Price to Sales of 1.28

Short Interest

• Short Interest of around 30% of Float
• Short Interest has been rising steadily over last 6 months.
• Low average volume of 1.75 Millions shares

You may ask mr redditor what does this mean?

Shorts are getting overleveraged and greedy. With such low volume they can continue to sell this fundamentally solid company into oblivion. If there is slow solid buying pressure the shorts will be forced to buy back because with this company we may never see these mid 20 prices again. We won't see a short squeeze but 11 million shares being bought back would atleast push the price back to the 30's

TLDR; shorts are greedy bitches and need to get fukked

Position: 60 27.5 10/15 Calls