RE:RE:RE:RE:RBC raised Target to $32Why anyone would still be short is beyond me! Not cover when the SP was under $15? Makes no sense. That was a one-time deal. Long-time shorts may still be in the money, but their profit is shrinking.
YodaLayhehoo wrote:
The short positions are in a really bad spot unless they've held for 2 years even then they've paid over $5 in dividends plus the percent to short the stock. I would guess most shorts are in the mid 20's with the dividend and rental fee for shares they're likely close to break even point. On top of that the stock moved up over 3% on 80,000 volume. Lol how they hell are they going to cover millions of shares? Dangerous to be short and the banks will know that and push a cover. Right now they're just sweating one more push brings the panic imo