Just about everyone thinks Shake Shack‘s (NYSE: SHAK) stock price is about to drop. With more than half of its shares outstanding sold short, the stock is the third most-shorted stock on the New York Stock Exchange.
Yet even though a huge consensus has built up that you shouldn’t own shares of the better burger joint, there are practical reasons behind the negativity, and they’re why I will never buy Shake Shack stock.
Image source: Shake Shack.