I've been studying off and on for the past year, so please correct me if I'm wrong.

 

I've been using EquityFeed for my stock screener lately and came across ticker SFXE today on news of "SFX Secures $90 Million in New Financing"

I'm still figuring out what news can and does really take off and what doesn't but this financing news seems to me like it is very positive. Given the statistics below would I be wrong to think this could potentially squeeze a good portion of the 12M shares short?

 

Days Close: $0.62

Days Change: 31.97%

Days Volume: 2,406,404

Days Trades: 4,211

30 Day Average Volume: 1,618,666

30 Day Average Daily Range: $0.21

Shares Short: 12.03M

Short % Of Float: 27.21%

Days to Cover: 6