It may be Time to go Long on Giggles N’ Hugs (GIGL)
A look at the short sales (http://dtn.fm/Fk5lI) for Giggles N’ Hugs (OTCQB: GIGL) is showing why it may be time to go long. At the end of last year, short interest in the stock was 3,671. By April 29, 2016, that had declined to 490. Changes in short interest may reflect market sentiment. When short interest climbs, it’s because there’s an expectation that the stock will fall. When short interest declines, it could be the opposite. So why are the shorts getting nervous? The company’s latest 10-Q may have an answer. It shows that revenues were $878,932 for the quarter…