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With $Nike (NKE.US)$’s short interest already near the highest in almost three decades, bears doubled down to 12.80 million shares shorted in a single session — then watched the outlook validate the trade. The daily volume almost doubled Thursday from 7.04 million shares the previous session, according to exchange…
Nike's stock has collapsed from its highs, analysts still show a 30% upside gap, and management just guided earnings far below what Wall Street expected. The math behind those price targets tells a very different story.