It has become obvious that the broker dealer based out of New Orleans, still has yet to figure out there is a buyer with a checkbook bigger than all of their assets under management combined on the buy side.
They are the biggest naked short position and have already been called out for the downgrade in January.
The rumored naked dark pool short is a whopping 18.51 million shares in addition to the short reported float of 15.04 million, and nearly 3.11 million in naked short options calls at 5.00 on various expiration dates. (That is 27M short).
I would be short selling all the phantom shares I could and manipulating out of a Colorado and New Jersey trading room, too, if I was that screwed on a short position on the third largest jack up driller on the planet with oil at an all time high, civil unrest in middle east, improving fundamentals and earnings, a 1.9 Billion Enterprise Value, 700 Million market cap, 690 million in new contracts, a now disclosed activist investor making shareholder proposals, and a paltry analyst forecast for .02 cents for the quarter, which will most likely get beat by a wide margin.....
Yeah, short all the phantom shares you can....