Replies to post #2158 on Innocoll Holdings Plc fka INNL

[agamemnus]

Nothing it seems.

The short interest as of mid-April is 1.6 million shares.

The annual interest on shorting shares is between 50 and 75% and I understand from my brokers that shorts are fully responsible for CVR payments. So at this price, shorts are paying 30-40 cents or so to short INNL. And on consumation of the deal, they are break-even and have a potential liability of $4.90 per share. Who is doing this?

The share price went down towards the end of the day in sympathy with SPY... but why?