Shake Shack (NYSE: SHAK)

Shares of the specialty burger chain Shake Shack have been on a tear this week trading from a low of $49.56 on Monday morning to an all time high of $62.75 today. Shares were trading at  $61.59 as of market close today. Since its low of $38.63 back on February 17th, shares of SHAK have been in a bullish uptrend. The company debuted on the NYSE with their IPO back on January 30th, opening at $47. SHAK is up 34% month to date. 

Lockup Expiration

The stock may have some room to run from the current levels. The lockup expiration for SHAK is July 29, 2015. This is when the insiders can sell their shares. With the short float (shares sold short by the bears) at 17%, many short sellers are covering their positions here during this recent uptrend, causing a "short squeeze". There were 1,802,374 shares that changed hands today, more than double the 10 day average volume for Shake Shack of 719,200 shares.

Additional Growth

With a market cap of $2.08 billion, Shake Shack is poised for growth in the future with plans for an additional 10 new stores this year. Six analysts rate SHAK a buy or hold. SHAK is poised to grow 55% in fiscal year 2016 according to Zachs Investment Research. 

The chart for SHAK is below.