RE:Still lots of shorts to catch Short interest increased by 149k shares from Oct. 31 to Nov. 15 to 3.55 million shares.
Every 10 trading days Parex purchased 300k shares and cancelled them.
In order for the short sellers to cover, they will need to buy back shares from investors or traders with a Outstanding share count that is diminishing by 30k shares per day due to the company share buybacks.
With exploration success, this will prove to be a difficult task.