Volume Spike Investor

We are seeing some very unusual activity in shares of Jos. A Bank Clothiers Inc. (NASDAQ: JOSB) in pre-market trading.  Shares closed at $28.02 yesterday and we are seeing a 15% drop in pre-market trading on 3,160 shares as of 9:18 AM EST.

What is interesting here is that this has already recovered at least a little bit as far as indications are showing.  But more unusual than anything is that we have seen no news today on it.  We even dipped down into chat rooms to see if any “news” was forthcoming or if there were rumors out… nothing.

It might even be possible that someone is seeking to break trades, but we aren’t going to add any fuel to the fire here.  Just keep in mind that the short interest here is MASSIVE at over 15.3 million shares.  That is over 12 days to cover.

JON OGG
August 19, 2008