BUZZ-Fresnillo: shorts feel the squeeze

** Fresnillo continues sharp move upwards in 2015, rising 4.2 pct on Tuesday and taking YTD gains to 19.4 pct

** Stock closely tracks gold price, that hit 4.5 month high over uncertainty around ECB meeting on Thursday

** Painful ride for short-sellers: stock among most-borrowed on FTSE 100 with utilization rate of 22.4 pct, days-to-cover ratio of 17.9, according to data from Markit (NasdaqGS: MRKT - news)

** Utilization rate has remained flat through January, suggesting short-covering yet to occur

** Wholesale QE programme from ECB could see more risk-on sentiment in equities, dampening gold price and Fresnillo shares, traders say Chart: http://link.reuters.com/nyh83w

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)