RE:76 million shares short against SUSU need to repay the $B + in COVID welfare it defrauded from govt and handle the $300 B clean up liability first LOL.
Obscure1 wrote: SU can buy up to 25% of the average daily volume under its issuer bid. That means SU should be able to buy about 2.5 million shares per day as opposed to the 350,000 or so that they have been buying.
SU can also buy up to 2% of the float or about 28 million shares in a month.
There were 76 million SU shares shorted at the end of February.
Maybe it's time for SU to get more aggressive with its share buyback plan while the pros are deliberately suppressing the share price. Of course SU wants to take advantage of the artificially low share price for its buyback program, but it has to be embarassing for the company to know that SU's SHORT position is almost double the value of the second most shorted company (RBC) on the TSX as per: https://shortdata.ca/largest-short-positions