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Stock impact report

Tidewater: Don't Dream Of A Short Squeeze [Seeking Alpha]

Tidewater Inc. (TDW) 
Last tidewater inc. earnings: 8/9 04:24 pm Check Earnings Report
Company Research Source: Seeking Alpha
Summary Tidewater (NYSE: TDW ) has recently announced that it did not seek to renew waivers of covenant default, which expired on March 27. Fellow contributor Henrik Alex has already covered the issue, and I expect that the majority of readers have already looked through his work. Judging by the comments to his article and to my previous article on Tidewater, many investors are interpreting the news as positive and even expecting a short squeeze. In this article, I will show why the news is not positive and a short squeeze is just a dream. Several factors are necessary for a short squeeze. First, the stock should be heavily shorted. This is indeed Tidewater's case - the company's shares attracted many short sellers. Second, a catalyst that puts the bearish thesis under serious question should emerge. Third, a technical setup like a breakout through some important resistance level might help as well. While the first factor is surely in play, the second (and most import Show less Read more
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