JBHT

[Sten Johnson]

Does anyone know whats going on here? Price keeps on going up but the short interest is going up even more. Last 7 days short interest have gone up with over 11%!? DTC up 14%
https://www.ortex.com/stocks/13051/shorts

Analysts are downgrading or lowering TP
https://www.ortex.com/stocks/13051/analysts

Are they all wrong? what's driving the price up?

 

[guru]

Can’t the same question be asked about every stock? Can you predict any other stock price?
And you can ask the same question about SPY/SPX, and even compare JBHT to SPY - they look quite similar.
Consider that JBHT is included in 150 ETFs.
And consider how much money the fed is pumping into the system recently, as well as interest rates. Where else will the money go?