XpresSpa Group Inc (XSPA)

[Snooze]

People please....

The vast majority of the short position in VRNG is unlikely to be retail or the "war to make peace" crowd...
Both of those groups may have a substantial short position but it is highly unlikey to be anywhere close to even half of the 11m shares short... Probably 2m at very most (yes that's a wild guess)...

The majority of the short position is very likely held by the same institutional investors that have funded VRNG's convertible debt.
That's what institutions do:
-they fund convertible debt which yields a typically high rate of interest (VRNG's does)
-they hope to collect the interest and principal over time
-if the share price should happen to appreciate and they are willing to accept the risk, they can "convert" their debt into equity... (VRNG's stock never goes up so this is non-issue in our case)
-the only way the converts can lose is if things at the company fall apart completely.... They HEDGE this risk by IMMEDIATELY (within reason) shorting the stock as soon as they execute the convertible debt deal... This is standard practice... By shorting the common stock, they're hedged... They'll get their interest payments... If the stock should skyrocket, they can convert, if it craters they're covered.

So, THERE WILL ALMOST CERTAINLY NOT BE 11m SHARES TO COVER ...
MAYBE 1-3m IS MY GUESS -- WHICH IS STILL A HECK OF A LOT WHEN NO ONE IS SELLING
#SHORTSQUEEZE #TODAMOON!!