Funeral business IVC is carrying a major 8% short position which could be tested especially now thy have a new CEO at the helm. To put this short position into perspective it will take around 30-days to cover at the current average daily volume, that would make me very concerned as a trader especially after the shares have already declined ~40% due to concerns around increasing competition. This is a potential recovery story which MM didn’t consider buying yesterday but I definitely wouldn’t be short.
MM is bullish IVC as a trade with a 6% stop
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