Short Squeeze on HW?

Are we going to see a short squeeze on Headwaters Inc. (HW) any time soon? If so, be prepared to experience a nice rebound of this stock.
At this time the price is rising decidedly above its 50 day moving average on news of a feasibility study for a coal liquefaction plant in Assam, India.
If the stock holds today and builds upward momentum, those investors holding short positions on HW could be running to cover in the near future.
Trading at 15.80 today, we are at 22.3% below my original comment of 5/23/07 when it was selling at 20.41 and about even with a second mention on 8/22/07.
I like the chart formation at this time and expect positive results in the weeks ahead.

Headwaters Inc. May Be Primed

I've been watching Headwaters Inc. (HW) for over 3 weeks. I think it is about to make a move up.

Headwaters Inc., through its subsidiaries, provides products, technologies, and services to the energy and construction materials industries in the United States. It operates in three segments: Construction Materials, Coal Combustion Products, and Alternative Energy.

HW is trading today at about 20.41, 31% below its 52 week high, average volume is 818,000 shares per day, low book value, moderate debt. Number of funds owning the stock has increased over the last 3 quarters. There are large short positions that could help give it a nice upside momentum if they choose to cover.