RE:RE:RE:RE:RE:RE:Gold up 1%gcm has had high number of shorts in the past too, when it was not in a merger situation. when gcm was $8 in the beginning of this year, the number of shorts was a lot lower. gcm short number goes up and down, it is not a permanent situation.
coincidently the number of shorts go down when the price is high, and goes up when the price is low.
also coincidently, the share price of gcm is usually higher in the second half of the year, and lower in the first half because gcm pays almost all of their taxes in the first half. so gcm has a lot more free cash in h2, it shows up in earnings report in h2, and the share price goes up in h2, and the shorts cover when the price goes up.