EME Shorts Build Into the Rally as Options Skew Turns Defensive

[EMCOR Group](/s/us/eme) has rallied 15% in a month. Short sellers are adding positions anyway — and the options market is reflecting the tension.

## Shorts Pile In Despite the Run

SI hit 2.15% of free float on May 13. That marks a 21% rise over the past month. The one-week jump is nearly 9%. Shorts are not fading this position as the stock climbs — they are adding to it.

Days to cover stands…