\*\*$30K in PLCE — 42% Short Interest, 32.7 Days to Cover. This Setup Is Getting Stupid\*\*
I’ve got roughly \*\*$30,000 in PLCE\*\* right now. Obviously this is a risky position and I’m not pretending this is some guaranteed squeeze, but the numbers are getting hard to ignore.
PLCE currently has around \*\*3.41M shares short\*\*, which Fintel has at roughly \*\*42.4% of the float\*\*.
The number that really caught my attention is \*\*32.66 days to cover\*\*.
That is absurdly high.
Borrow availability also looks extremely tight. Over the last couple days Fintel has repeatedly shown only \*\*0–9,000 shares available to borrow\*\*, including multiple periods where availability literally hit zero.
Then you have:
\*\*42%+ of the float short\*\*
\*\*32.7 days to cover\*\*
Borrow supply basically nonexistent at times
\*\*79% off-exchange short-volume ratio\*\* in the latest data I saw
Heavy call positioning
Earnings coming up as a potential catalyst
That doesn’t mean shorts magically have to cover tomorrow. DTC is based on average trading volume, and if volume suddenly explodes that number comes down quickly.
But that’s also the point.
PLCE normally trades relatively low volume. If something actually causes buyers to pile in—good earnings, guidance, retail attention, whatever—you suddenly have millions of shorted shares competing in a stock that historically doesn’t have enough daily liquidity to easily unwind those positions.
\*\*Why am I risking $30K?\*\*
I like asymmetric setups.
If nothing happens or earnings suck, PLCE can absolutely get smoked. The company isn’t exactly Apple. There are legitimate reasons people are short it, and the balance sheet/fundamentals aren’t something I’d ignore.
But I’m not buying PLCE because I think it’s the greatest retailer on earth.
I’m buying because \*\*42% SI + 32.7 DTC + extremely limited borrow availability + a catalyst\*\* is one of the more interesting squeeze structures I’ve seen recently.
If earnings disappoint, I’ll probably regret this post.
If earnings surprise and volume comes in?
Things could get very interesting very quickly.
\*\*Position: \\\~$30K PLCE.\*\*
Do your own DD. This one can move hard in \*\*either direction\*\*.