FIG: Short Squeeze should be watched

The figure is revised and updated based on new data released on 9/24/07. We can see the short interest is diminishing and the recent up trend might have already been a short squeeze.

The red histogram is the cumulative short interest volumes. The biggest short volume increase is around the price level in the green box. Technically, there is also good signs for short squeeze: 1. the downtrend is broken. 2. above SMA 50. 3. News of dividend announcement. The squeeze price range should be around the green box, that is, $23-$24.5. If FIG moves above $22, it'll be a good bet to expect a short squeeze. At that time, the stop price can be set as the current price level, that is $20.7.