RE:RE:RE:RE:RE:RE:RE:RE:RE:143 ignores since 2001....Meh....crossing swords is fun, some people spend hours arguing over hillary and donald on facebook, I like stocks better :-)
As far as the US side....I actually think that's what largely caused short sellers to pile on to EXE, but then....when the company sold off those operations, short sellers I believe wanted to cover and found they couldn't.....not without causing a big squeeze and losing their shirts. So rather than cover I think they basically doubled down by shorting more shares....hoping that by driving the PPS down, that they'd be able to frighten price sensitive shareholders.
Its a decent theory I think....and if its true, well it hasn't worked out too well because instead of covering, shorts are adding. And as I keep mentioning (I'm not above picking at a scab myself) that means shorts keep having to come up with $70,000 to $80,000 with each monthly dividend that's declared.
2 million shares short is significant....avg daily volume is only about 200K, so that's 10 days of average volume that shorts would need to cover off. It seems to me it might simply be a case of the shares not being available in any sizeable quantity without causing a big jump in the PPS which could lead to margin calls and massive losses.
so maybe coming up with $80 or so thousand every month is preferalble to losing millions.