RE:RE:Short interestKRR's last reported short position on the TSX was almost 10 million shares and so yes, with little time to replace those "borrowed" shares, a short squeeze is a distinct possibility.
A profitable trade for KRR shareholders would be to short WGX shares and replace them with KRR shares converted to WGX shares post-merger, so a large WGX short position is not a concern.
With WGX closing at $2.54 tonight, KRR shorters are in tough as that price is equivalent to a KRR share price of $6.46, excluding SpinCo value.