If the institutional holders refuse to sell and are in TLRD for a potential double in a buyout offer from Sycamore Partners, then shorts are in for a rude awakening.
Currently shorts have sold almost 43% of the outstanding short. So many so, that not including private investors, but just institutional holders own almost 102% of the outstanding. There is only approximately 50.4 Million shares issued and outstanding. Institutional ownership has 51.3 Million. LOL.
Right now shorts have added over 21 Million shares to the market. They have to pay the dividend on those 21 million shares. That pay date is coming soon too.
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