Click to Enlarge Micros Systems (MCRS) is a $23 billion company best-known for its work with point-of-sale applications in the retail, restaurant and hotel industries. The improving economic conditions have helped oversee improvements in travel and leisure activity, which trickles down to support companies like MCRS.
Micros has met or beat earnings expectations for the past year, with both the bottom and top lines headed higher. Those positive fundamentals have driven the midcap’s stock price higher, but failed to shake the huge short selling crowd out of the stock. With 28.7 times the average daily volume, MCRS is at the top of the list for short squeeze candidates.
Target a potential move to its all-time highs around $57.50 from here.