TheStreet.com TV Recap: Shorts on Run at Buffalo Wild Wings, General Cable

Happy about the rally?

Thank the investors who are shorting stocks.

A major reason the market is rallying is that we're seeing a lot of "big beats" at companies with a lot of short interest, Jim Cramer said on TheStreet.com TV's Wall St. Confidential Web video Wednesday.

One of those big beats came from Buffalo Wild Wings (BWLD Quote) which reported an earnings per share increase of 63 cents vs. the analyst-estimated 52 cents.

"Why this company doesn't get the respect of people is extraordinary," Cramer said, nothing that a "remarkable" amount of the stock is shorted.

"This is a company that has a great business model," he said. "It is the old Red Lobster model, which is that you give people a value in the food and then they will drink themselves into oblivion."

That strategy has worked for Buffalo Wild Wings, and Cramer said he could see the fast-food chain on every college campus. "It is a regional-going-to-national story, it has excellent management and they also make a lot of money in the sauce," he said. "This is one of those extraordinarily youthful companies."

Meanwhile, Texas Roadhouse (TXRH Quote) and, on the retail side, Coldwater Creek (CWTR Quote), are examples of companies that have not succeeded in going regional to national, Cramer said.

"I would emphasize that Buffalo Wild Wings probably has the most room to grow of any restaurant chain I know, save Chipotle (CMG Quote)," he said.