Mr Cooper Group Inc (COOP): Each of the 136 hedge funds could have 4...

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Mr Cooper Group Inc (COOP)

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Re: Getn otta det post# 500312

Thursday, 12/14/2017 10:41:17 AM

Thursday, December 14, 2017 10:41:17 AM

Each of the 136 hedge funds could have 42,000 shares SHORTED against their OWN SHARES and if it was shorted about 3 yrs ago , WHICH IS WHEN the short jumped to 8 mill, so they have made money from where we were then to where we are now!

So in theory they can cover anywhere from here to about 2.20 and they have still made money, the only way they lose money is if they have to close above where they shorted it...
I for one never have expected the short interest to totally disappear

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