Las Vegas Sands (LVS) is set to report earnings tomorrow, Wednesday November 1st, at 4:30 PM. The stock is up today almost 2 points, or 2.6%, to $76.30 on volume of just over 500,000 and climbing. Though I am bullish on the stock and feel that earnings will come out positive and strong, I have found while doing research a potential chink in the armor worth sharing.

Short interest as of October 10th was higher than the previous month, and 5.61 million shares were short as of the 10th versus 5.03 million on September 10th. The total short % of the float is now 5.50%, which is an increase of about 11% (read more about how to short a stock). This can either mean one of two things. Either A, someone knows something we do not and LVS is set to get clobbered, or B these shorters are going to get squeezed when LVS reports tomorrow and the stock will gap up.

Now, LVS has had a very nice run this year, and is in a nice base set to break to new highs with a positive release tomorrow. As some of you may know based on my post yesterday, LVS will most likely set the tone for IGT’s earnings release next week. So, bottom line is be catious if you are looking to play LVS for earnings tomorrow, and expect strong movement one way or another.

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