Re: 18MM Shorts Covered
A couple months for quarterly filings, so we don't know yet what's been going on with these shares. But, that is a lot of shares covered. Almost like the buyers simply used the received shares to cover a short position -- which means no impact on trading for this period. The question posed, does this reduction in the short position lead to new shorting or is it an indication that key players believe it is time to cover because the risk of holding short is rising every month. My speculation is that some of our resident long holders who had hedged by shorting have covered the short and now remain long -- that's the optimistic situation.