PetMed Express was the Bull of the Day back on July 7 and then again on December 19. Following the recent earnings, it is again the Bull of the Day.
PetMed Express is a pet pharmacy in the United States. The company markets prescription and non-prescription pet medications, health products, and supplies for dogs and cats to retail customers. PetMed Express was founded in 1996 and is headquartered in Delray Beach, Florida.
Back on September 7, I filmed this video which focuses on Aggressive Growth stocks. You can access the video on this page (https://www.zacks.com/stock/news/275015/petmed-express-and-crox-are-aggressive-growth-rank-buys) and also hear about CROX as well.
I should note that I made it my Top Stock Pick of the Week (https://www.zacks.com/stock/news/291540/top-stock-picks-for-the-week-of-february-5th) so be sure to watch that video too!
The stock is a Zacks Rank #1 (Strong Buy) because earnings estimates have moved higher. The Zacks Consensus Estimate for 2018 has moved from $1.61 to $1.70. over the last sixty days.
The Zacks Consensus Estimate for 2019 also increased over the same time period. The number moved from $1.67 to $1.94.
There is a huge short interest in this stock. That means that investors believe that the stock will move lower and they have borrowed shares, sold them and hope to buy them back lower. Thing is, the short is not working. The site ShortSqueeze.com shows that the float is 27% short... and that is a huge amount of shorts.
As fundamentals continue to improve, the shorts are more likely to cover their bets and take a loss. This is could be a classic short squeeze.
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