Short squeeze Euro stock reports TXP have a current short interest of around 8%.
This corresponds to around 18million shares! Given TXP is fortunate to trade around 1million shares per day it could take more than two weeks of trading to make a dent in that figure. There is just no way whoever is short can cover that many shares without spiking the price. The logical way to cover would be to participate in any placements but there is no reason for any placement here short term.
don't sell your shares here cheap. We know Cascadura is worth far more alone than the current share price when it eventually comes on. Squeeze the shorters and make them burn