Vita Coco (COCO) shares of the coconut water producer are shaping a nice bullish wedge pattern as it has based near key 200-day MA support of 25.50 and closed strong on Tuesday above its 55-day MA with now space to rally up towards 28 and then a higher target likely into 30 on more broad market strength potential. Short interest in the small cap has been declining since July as a good sign of a possible bottom but still elevated at 10% so some fuel for short covering.