Friday, August 06, 2021 2:17:39 PM
Short interest is low overall as a percentage of shares outstanding. And some shorts are longs as part of their trading strategies, including MMs, so I’m not sure there will be any rush to cover - certainly not today.
Though overall agree, there is virtually no reason to be both long and short common nowadays. And MMs would have zero reason for that.
The warrant holders could very well be short though. The June 30 combination of share increase and short decrease was very likely warrant holders liquidating.
But they are in no rush to cover. And even if they do, it would be by their warrants with no market buying.
The entire short squeeze thesis here is friggen comical with the low short position (and FTDs near 0).
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