If it's a 1:10 split everyone who owns shares will own 1/10 as many as they did before and, momentarily at least, those shares will be worth 10x what they were worth before the reverse split.
Same for short interest, someone who borrowed and sold 10,000 shares when TIV was $1.00 per share, and who now has to eventually buy 10,000 shares to replace the shares they borrowed/shorted .... after a 1:10 reverse split they will have to eventually buy 1000 shares to cover the short.
So, if there are 2.7MIL shares short before a 1:10 R/S, there will be 270K shares short after a 1:10 R/S.
Brokerage accounts make these adjustments automatically.
As to what the split-adjusted share price will do after a R/S, my guess is as stated in my previous post ... unless some really great news accompanies the split, eventually the share price will begin dropping again. Won't necessarily be the next day, but .....
So, has TIV, or will TIV, explain just why they are doing this? We can certainly guess lol, but it would be interesting to hear the bulls.... er, words THEY choose.
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