One heavily shorted stock in the food processing sector is Hain Celestial Group ( HAIN), which is set to release numbers on Tuesday after the market close. This company manufactures, markets, distributes and sells organic products under brand names, which are sold as better-for-you products. Wall Street analysts, on average, expect Hain Celestial Group to report revenues of $270.30 million on earnings of 33 cents per share. This company has either met or beat Wall Street estimates over the last four quarters, and they have beat estimates for the past three quarters in a row. During the last quarter, they beat Wall Street estimates by two cents after reporting 36 cents per share. The company has also seen its net income and revenue rise for the past three quarters in a row. An analyst at RBC Capital recently upgraded this stock to sector perform from outperform with a $37 price target. The current short interest as a percentage of the float for Hain Celestial Group is a notable 5.6%. That means that out of the 32.70 million shares in the tradable float, 2.26 million are sold short by the bears. This isn't a super high short interest, but it's big enough and the float is small, so a positive report could spark a solid spike higher. From a technical standpoint, this stock is currently trading below its 50-day and 200-day moving averages, which is bearish. The stock recently found some buying interest at $26 a share but failed to get above its 50-day moving average. Shares are now changing hands at just over $28 a share. I would only be a buyer of this stock after they report once it clears its 50-day moving average ($31.70) on strong volume. Look for volume that's close to or greater than its three-month average action of 366,000 shares. I would add to any long position if it then moves above $33 and target $35 if a short squeeze kicks off. I would only short this name if you see it drop below that major near-term support zone at $26 a share following their earnings report. I would add to any shorts if it then takes out $24 a share and target $20 if the bears gain control of this name.