BBY's recent earnings jump has pushed its squeeze risk indicator to critical levels again, suggesting potential short squeeze scenarios or decreased short interest. Investors should closely monitor this developing situation. Our analysis is based entirely on our Black App on Bloomberg {APPS BLACK<GO>}.

BBY rose 14% on earnings last week, similar to the move the quarter before (13.42%)

In both cases the increase in stock price moved the squeeze risk indicator to seventy, where it starts to matter.

BBY is shorted 7% of float, which is causing this squeeze number to be so high, number 16th or in the 97th percentile.

Last quarter, the indicator rose to 70 June 3-June 7th, followed by a decrease in short interest.

One interpretation is that there was a short squeeze, the other is that it was a post earnings phenomenon.

So now the indicator is in the same place.

So, it is possible we could have a mini squeeze or a decrease in short interest.

Investors during earnings can anticipate that roughly half the stocks will rise, and some enough to trigger squeeze risk numbers above 70.

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