Replies to post #593 on Gulfport Energy Corp fka GPORQ

[ybnormal]

There may be a spike, but it won't be from shorts covering. If the shares are cancelled, a long position has zero value. Also, there is nothing for a short seller to buy back. You don't have to cover if shares get cancelled. The danger for a short is that the company might emerge from bankruptcy without cancelling the common shares. Rare, but it does happen. When that occurs, shorts get roasted