Shake Shack Stock Upgraded on Valuation, Sales Growth

SHAK is down more than 30% so far this year, but could today mark its first daily gain in three sessions. The equity is once again testing a ceiling at the 20-day moving average, after slipping back below the trendline following a bounce off its lowest level since July. Coming into today, the majority of firms leaned bearish on SHAK, with 12 of the 20 in question calling it a "hold" or worse. Shorts are firmly in control, too. Short interest rose 7% over the past month, and makes up 10.7% of Shake Shack sto ...