Shares of Religion Apparel, Inc. (TRLG), mentioned in the post below, are up nearly 15% today and pushing in on a historic level. Take a look at the monthly chart.

Chart Courtesy of Thomson Financial

Here you see the stock is knocking on the door of new all-time highs. However, this strength doesn't appear to have been expected by short sellers. As the chart to the right shows, short interest has been steadily building in recent months. According to Yahoo Finance, this represents 60% of the stock's float. I view anything above 10% as being relatively high so this is clearly a large number.

On a short-term basis, the stock is pushing in on a short-term overbought condition so it wouldn't be surprising to see a pullback over the near-term. Longer-term though, this should be an interesting situation to watch develop.