Helen of Troy Limited (NASDAQ:HELE) storms higher after beating expectations and signaling a bold reset toward growth.
A sharp earnings beat and confident outlook are leading to a short squeeze despite lingering category weakness.
Short Squeeze
According to data from Benzinga Pro, Helen of Troy’s stock has a short interest of 22% of its float. Therefore, the high stock movement is a result of positive earnings and a short-squeeze
Quarterly Earnings Performance
The consumer products company reported fourth-quarter adjusted earnings per share of 83 cents, beating the analyst consensus estimate of 74 cents. Quarterly sales of $470.025 million (down 3.3% year over year) outpaced the Street …