A short position needs to be covered n order to realize the gain. And with a stock falling like this a short position has diminishing returns as it drops. Are you going to wait 2-3 months to go from a 95% return to a 98% return?
Of course not.
The only real significant short positions in this stock are Esousa’s shorting against the box. It is the only reason this shows up on the threshold securities list periodically.
It is a complete mystery why anyone would buy this stock at any level. Wachs needs retail to be involved to make money…and apparently enough are still willing to take a shot at it.
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