/biz/ - Business & Finance

Is JWN worth a shot for a short-squeze? It's one of the most heavily shorted stocks in the retail sector. Of the ones listed I think it's the only one that has dumped below COVID-19 crash levels. I believe BBBY and DDS (two other retailers) exploded because they were also heavily shorted (despite financials not being that bad).

I don't know much about the company itself but I was reading a bit about it and they pushed one of the biggest events of the year (anniversary sale) into Q3 results. They are apparently closing shops in locations were lockdowns or restrictions are still in effect and opening shops were people are free to move. They are losing excessive inventory and focusing on "Rack" stores (one of their most profitable segments ATM?). Some comments say they are packed on week-ends but that could be due to number of people limitations on store.

I also think their numbers are good. They have positive cashflow and their revenue surpasses their marketcap. Plus I suspect with competition closing stores they will be best positioned when things go back to normal.

What do you think?