InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,221.42
(
-0.02%
)
US TECH 100
17,716.80
(
0.19%
)
Dow Jones
39,431.51
(
-0.21%
)
Brent Oil
83.36
(
0.17%
)
Bitcoin
62,950.99
(
0.08%
)
Post# of 2223
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

agamemnus

Send PM Follow Ignore
Followers 2
Posts 118
Boards Moderated 0
Alias Born 07/15/2016

agamemnus

Re: no shorts post# 2158

Wednesday, 04/26/2017 4:35:30 PM

Wednesday, April 26, 2017 4:35:30 PM

Post# of 2223
Nothing it seems.

The short interest as of mid-April is 1.6 million shares.

The annual interest on shorting shares is between 50 and 75% and I understand from my brokers that shorts are fully responsible for CVR payments. So at this price, shorts are paying 30-40 cents or so to short INNL. And on consumation of the deal, they are break-even and have a potential liability of $4.90 per share. Who is doing this?

The share price went down towards the end of the day in sympathy with SPY... but why?
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up