Branded Legacy Inc (BLEG)

[recinvestor]

There’s no set time frame a short has to cover, just as there is no set time frame a long has to sell their position.

However, taking other variables into consideration...

A retail investor who takes a short position using margin, may get a margin call from their brokerage. This happens when the negative equity in a short position is close to or greater than settled cash in the investors account. A brokerage firm in this scenario will force you to cover your short position or take action themselves.

Technically, a short position has unlimited downside risk if a stock continues to move higher.

A long position only has limited downside risk, based on the original principal amount invested.

Generally speaking, short positions in the negative are covered quickly, as in intraday or within a few days so losses are limited.

ASCM covered a good portion of their short position in VATE last Thursday. But I still believe they have more covering to do.

Hope that answered your question.
Go VATE
Rec