HIMS: 32.94% Short Interest & Earnings on Feb 24 – Squeeze Incoming?

📈 HIMS: 32.94% Short Interest & Earnings on Feb 24 – Squeeze Incoming?

Hims & Hers Health (NYSE: HIMS) has been on an absolute tear lately, closing at $59.18 after a 27% single-day gain. But what’s really catching my attention is the massive short interest—32.94% of the float is shorted. With earnings coming up on February 24, could we be looking at a potential short squeeze?

🔍 The Setup: Why HIMS Could See More Upside
• Short Interest: 32.94% of the float is short—this is extremely high.
• Days to Cover: 3.7 days—If a squeeze happens, it could escalate fast.
• Momentum is Strong: +27% in a single day means the stock is already attracting buyers.
• Earnings on Feb 24: If HIMS beats expectations, shorts could be forced to cover, accelerating an upward move.

This stock has the classic setup for a major move higher if catalysts align.

🛑 Why Are Shorts Betting Against HIMS?

1️⃣ Valuation Concerns – After a big rally, some believe HIMS is overvalued.
2️⃣ Profitability Questions – While revenue growth is strong, it’s still working toward sustained profitability.
3️⃣ Competition – Giants like Amazon and Teladoc are expanding in the space.
4️⃣ Recent Run-Up – Some traders may be expecting a pullback after the massive surge.

However, these same shorts could be fuel for a squeeze if sentiment stays bullish.

🔥 Bullish Case: Could HIMS Hit $100?

🚀 Shorts Are Stuck – If earnings beat expectations, covering could push the stock much higher.
🚀 Retail Interest Is Growing – Increased trading volume could indicate more retail momentum.
🚀 Breakout Levels – If HIMS clears $65-$70, technical traders could pile in.
🚀 Telehealth Growth – Long-term, HIMS is expanding its subscription model and increasing its customer base.

💰 My Position & Dilemma

I currently hold 1,000 shares and am up $52K from an initial $8K investment. Now, I’m debating my next move:
1️⃣ Hold for the potential squeeze?
2️⃣ Take some profits before earnings and reduce risk?
3️⃣ Reinvest into call options for higher leverage?

📊 Final Thoughts – What’s Next for HIMS?

HIMS is one of the highest shorted stocks in the market, has earnings as a major catalyst, and has strong momentum going into the event. If the company delivers strong guidance and beats earnings, we could see $80+ or even $100 in the coming weeks.

💡 What are your thoughts? Are we looking at a real short squeeze setup, or is it time to take profits before earnings?