) has been the most confounding stock in the market for short-sellers who have insisted that its valuation is too rich and that the stock will eventually crash back down to earth. Right around the time that prominent hedge fund manager Whitney Tilson capitulated and covered his NFLX short position, the stock actually did look like it may have peaked, falling from just below $250 to the $192 level. It now looks like that was just a brief correction, however, as NFLX is back to its old ways - moving aggressively higher. In just the last month, NFLX is up 16% and it has gained nearly 13% over the last 5 trading sessions. On Monday, the stock is up another 4.59% to $240.57. Surely, the shorts are once again getting burned, as many likely piled back on during the recent correction. The amount of pain that this stock has heaped on short sellers is tremendous. As of March 15, around 23% of NFLX's float was sold short. As long as big funds and traders continue to try to find a top in this name, NFLX could continue to see explosive short covering rallies for the foreseeable future.