NutriSystem Killing Short Sellers (NTRI)

Posted in pre-market 
October 6th, 2009

NutriSystem Inc. (NASDAQ: NTRI) is going to likely see exponential volume after it scored an introductory 14-day pact with Wal-Mart. This closed at $15.05 Monday and is up 24% at $18.76 as of 8:15 AM EST on about 34,000 shares,  Average daily volume is only 352,000 shares and the 52-week high was $18.30.  Be advised that the most recent short interest data was 7.5 million shares, which is about 28 days-to-cover.  Average volume is only 365,000 shares, and we’d expect to see that hit very early this morning.JON OGG

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