Guess Who's Coming to a Fast Casual Dinner?

Jim Chanos (pictured top left with game face on) went out of his way today in his bearish burger thesis to note that he was not short Shake Shack. 

All kidding aside, Chanos is a bonafide legend on Wall Street and has earned that reputation fairly and square--Just do some research about his Enron short. 

Interestingly, he is avoiding SHAK on the short side. And SHAK is clearly one of the most shorted names in the market these days, according to several websites which track some data. 

The astute Chanos, at a minimum, is avoiding a massive potential squeeze higher in SHAK by not being just another fodder for a move up. And that may be good enough to get other shorts in the name to begin to cover, too. Full disclosure: I have been long SHAK a few days inside Market Chess Subscription Services. 

However, I was fascinated to see how Chanos handled the bearish burger gambit.