RE:RE:ACB Short Position 546,760,253 Shares. Must be bought backsorry for the ignorance but just a question. If ACB only has 400M shares, then how do the shorts cover?
It looks like there's not enough shares to cover all the 500m short positions. It also looks like just by covering all the short position it would drive the stock price higher and add the shortage of outstanding shares on the market, this is looking like an infinite loop of rising stock price. A bubble.
So then how do the shorts cover at all if just by covering they create a rise in stock price?
photoman wrote: This is a mind blowing number an increase of just under 500 million shares from Nov.01 until Nov. 16 does this not seem EXPLOSIVE ?