RE:RE:RE:Short questions.??Technically TLRY had a support level at $21.63 it needed to hold today and it had a solid bounce and Close. Expecting the bull to bear whip saw volatility to continue as the short postion in TLRY has gone up slightly over the last month while the APHA short positions has had roughly 5 million covered but still remains high. Over 52 Million shares (TLRY + APHA combined) that are still open and need to get BOUGHT to cover. That is a lot of buying.
Short Postions
TLRY
Feb 12th: 27.7 M
March 15th: 27.88 M
APHA - Nasdaq
Feb 12th: 19.73 M
Mar 15th: 14.27 M
APHA - TSX
Feb 12th: 11.92 M
Mar 15th: 10.07 M
CommonCentsforDollars wrote: Shorts positions do not need to be closed before the merger. Shorted shares if not covered before the merger will get transfered over to TLRY and also get the 0.8381 haircut.
I guess we are going to have volatility for a while with the market mover whip-sawing this up and down looking for shares to cover. It feels almost like the market mover is going from bear to bull and back to bear to shake the swings so wildly up and down. Shake shake shake moves.
BigBozzMan wrote: I was about to ask a similiar question in that do the shorts have to cover their positions and return the shares prior to the merger?
Do the books have to be closed and the new Tilray shares take effect. It doesn't amke sende that the shorted APHA shares also get transferred to shorted Tilray shares.