BOFI reported last night short interest was last reported to be 45.8% of float. They met estimates at .50, assets up 11.9% NIM 3.80%, and tangible book up 21.3% yoy. Shorties being squeezed with stock price rising as high as +3.40. Took this opportunity to lighten up on my BOFI holding since I was overweight +7. Also BOFI announce exclusive tax refund loan deal with BOFI for 2018 which will add 8M in pretax profit for 2018. Nice surprise.
Rob