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Re: OMG OMG OMG /. Short interest dropped 2.65M shares - the largest drop in years Rub Actuality all gains from shorting are short term gains. There is a strong disincentive to cover large gains from shorting because it costs you cash. Not just the purchase price but the tax on the large short term gain. The cost of borrowing the stock has also shrunk to minimal. There has to be a strong reason to cover shorts with large gains. One small factor may be the potential for higher taxes on these gains next year. |
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Msg # | Subject | Author | Recs | Date Posted |
45832 | Re: OMG OMG OMG /. Short interest dropped 2.65M shares - the largest drop in years | 809trader | 0 | 9/26/2021 9:24:21 AM |