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VALEANT PHARMACEUTICALS INTL INC T.VRX

Healthcare Drug Manufacturers - Specialty & Generic
"Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia."


TSX:VRX - Post by User

VALEANT PHARMACEUTICALS INTL INC > Shorts are all trapped.. approx 16 million shares shorted
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Post by johnnywickon Jul 26, 2017 12:58pm
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Post# 26511793

Shorts are all trapped.. approx 16 million shares shorted

Shorts are all trapped.. approx 16 million shares shorted There's still approximately 16 million shares shorted on VRX... stuck in a bad position

  • Days to cover is another ratio derived by taking the total short position (in shares) divided by daily average volume. If the short position is 5,000,000 shares and the stock only does 200,000 in daily average volume, it would take at least 25 days for the shorts to cover. The longer the days to cover the bigger the potential danger for the shorts. Their position is so big that it can’t be easily exited without jacking up the price and volume to get out.
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