Boot Barn Holdings: Heavily Shorted With a Double Bottom

Small cap apparel retailerBoot Barn Holdings (NYSE: BOOT) is the 4th most shorted stock on theNYSE with short interest of 54.59% according to Boot Barn Holdings is the nations leading lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company operates 219 stores in 31 states, in addition to an e-commerce channel The Company also operates, the nations leading pure play online western and work retailer. Sheplers has been part of the western, outdoor, and work lifestyle for over 100 years. Beginning in February 2017, the Company has operated, an e-commerce site selling to customers who live a country lifestyle.

Boot Barn Holdings has seen shares fall off since the end of last year, but there is also a double bottom on the technical chart with support at the $6 level:

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