Great timing for a short-squeeze rumor? With Chipotle due to report what is likely to be ugly earnings after the bell today, CNBC reports (citing Dow Jones) that the CDS may declare an end to the E.Coli outbreak today.
This, as we suggested last night, has ripped stocks 4-5% higher (to one-week highs) squeezing shorts.
CDC MAY DECLARE END TO CHIPOTLE E.COLI OUTBREAK MONDAY: DJ.... What a coincidence - squeeze shorts right before earnings
— zerohedge (@zerohedge) February 1, 2016
BREAKING: CDC expected to declare end to Chipotle e.coli outbreak as soon as Monday, but cause of e.coli contamination inconclusive - DJ
One week highs - not exactly a confidence-inspiring move.