Wednesday, June 14, 2023 7:30:30 AM
The prior short number ending May 31st was 21.9 million at $6.00 (remember T+2 so you use the share price from 2 days before the end of the period)
Current price is $7.76.
Bottom line is that even though they shorted it an additional 1.6 million shares the price rose $1.75.
Even though they sold 160,000 shares per day extra the price rose .17 cents.
They are in deep trouble. Without those shares the price would have rose an additional .16 per day, or $1.60 so we are actually over $9.00.
This is important stuff to understand because they can make us think the market is headed one way when it is actually headed the other.
As info per SEC The T+2 will change to T+1 in about 1 year. Then it eventually will move to T+0 and make it easier to understand.
Many investors do not want to take the time to understand this but they should.
X those shares must be returned it just depends on the triggering event.
1 another partnership
2 a third partnership
3 a fourth partnership
4 institutions calling back shares
5 one of the larger shorts finally getting it and starting to return 100k shares per day
Anyone of those will do it.
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