NEW YORK (TheStreet) -- Twitter (TWTR) round two? That was a question for FireEye (FEYE) investors Tuesday ahead of the expiration of sales restrictions on millions of insider shares. And on StockTwits.com a majority said "no."
About 68% of FireEye's outstanding shares will become available for trading Wednesday. Investors in the security company have long braced for a scenario in which insiders, frustrated with FireEye's near 70% decline from March all-time-highs, will shed shares.
However, on Tuesday, many investors bet that the stock would go up as new investors, encouraged by a lack of insider selling, bought in and short sellers covered rather than risk more losses. Short interest in the stock is 10.31% of float, according to shortsqueeze.com.
$FEYE Today was a test by the MM they are going to squeeeeze the life out of the short sellers tomorrow....mark my words.