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Bullboard - Stock Discussion Forum Home Capital Group Inc T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary... see more

TSX:HCG - Post Discussion

Home Capital Group Inc > Will the Shorts Squeeze push the price higher
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Post by TheDog2 on Nov 22, 2022 11:06am

Will the Shorts Squeeze push the price higher

than the buyout? Not very experienced at this, but was wondering whether, with the price now at $42 plus whether there is potential for the price to go even higher than $44.00.
Comment by HermannHaller on Nov 22, 2022 11:23am
I doubt it. I think if there were that much pressure on the shorts (not enough shares available to buy) it would have gone over $44 yesterday.  For now, unless another bidder emerges, I expect it will justy gradually move up to the $44 by next May.
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