Sodastream is the maker of thos DIY soda and seltzer machines.
It’s an ultra-growth, one-trick pony that happens to be one of the most volatile and shorted stocks in the world.
According to Yahoo Finance, 67% of the float is short.
Anyway, this is going to hurt: The company just blew away estimates.
Quarterly revenue of over $100 million was well ahead of estimates of $90.4 million.
Adjusted EPS of $0.52 beat earnings estimates by 6 cents.
The outlook is also above expectations.
So the shorts are going to get hit a bit, as the stocks is already up over 4% in initial pre-market trading.