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Nike's Powerful Breakout Could Emerge Right After Earnings

One hot-looking short-squeeze candidate is athletic footwear player Nike Inc. (NKE) , which is set to release numbers Thursday after the market close. Wall Street analysts, on average, expect Nike to report revenue of $8.64 billion on earnings of 50 cents a share.

The current short interest as a percentage of the float for Nike stands at 2.1%. That means that out of the 1.29 billion shares in the tradable float, 28.16 million shares are sold short by the bears. This isn't a super high short interest, but with over 28 million shares sold short, and with a short interest ratio of 2.8 days-to-cover, it's more than enough to squeeze the bears significantly if Nike reports...