Concordia Healthcare Corp. T.CXR.R

Short covering has begun

[fundtrader]

12 million official shorts need to cover. With tons of new buyers this could have a violent rebound upwards

[BinTraden]

I think the bulk of shares shorted were at much higher levels than current trading levels.  You might get some shorter term traders covering their positiions however I'm guessing if that if you had shorted this in the $20s or $30s or even $70s, etc. like some did....you'll be in no rush to cover your short position on a move from $6 to $8.  If you shorted at $10 or $6.66 like

[fundtrader]

bottom is in..dont think any moron would short this now for a few cents..the risk for huge move up is very real. I think we see 10$ shortly..going to buy big tomorrow