Here’s What May Trigger a Short Squeeze for New S&P 500 Member EchoStar

Quick Read EchoStar (SATS) entered the S&P 500 with 21.5% short interest and days to cover at 7.68, creating sustained structural buying pressure from passive index funds that shorts cannot easily outrun; shares have rallied 312.4% over the past year despite forward EPS of −$52.93. EchoStar’s spectrum deals with AT&T (approximately $22.65B) and SpaceX (approximately $20B plus $2.6B in equity) have transformed it from a legacy TV business in structural decline into a bet on SpaceX optionality, with anal ...