Eyes are on IntercontinentalExchange ( ICE) in 2013, as the firm gets closer to closing its acquisition of NYSE Euronext ( NYX), expected to happen this fall. And merger arbitrageurs are taking full advantage of any crumbs left in the deal, contributing to ICE's short interest ratio of 22.6 right now. Ultimately, it doesn't matter why a stock is being heavily shorted, only that it is.
So the fact that it would take shorts in ICE a month to exit their bets at current volume levels makes this a short squeeze candidate even if no one really hates the stock.
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