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Is Fecebook a buy? Because sure as hell a short squeeze is coming.

The question is, from where?

Facebook is Top Short-Seller Target Among Large Stocks – Bloomberg

No large U.S. company is attracting more attention from short sellers than Facebook Inc. (FB), amid bets the world’s biggest social-networking company will keep falling after losing $27 billion since its initial public offering.

Short interest on the Menlo Park, California-based company reached 5.9 percent of shares outstanding, according to data compiled by Bloomberg and Data Explorers Ltd., a New York-based research firm. None of the Standard & Poor’s 500 Index companies with at least $50 billion in market capitalization has short interest higher than 3 percent, the data show. Facebook, which has a market value of about $63.8 billion, isn’t in the S&P 500…

“Facebook is one of those companies whose future potential is unknown and unknowable,” said Robert Stimpson, a money manager at Akron, Ohio-based Oak Associates Ltd., which oversees about $900 million and doesn’t own Facebook. “The stock is expensive. The short interest might also reflect a bet that there is more bad news to come and Facebook will be punished.”

via Facebook is Top Short-Seller Target Among Large Stocks – Bloomberg.

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