Why would any remaining trivial retail short shares be shocked?
it has dropped thou..
The lowest closing PPS for this stock I can find before the suspension is 0.75. And that was way earlier than the first time this stock had any consistent volume starting in 29-Apr-13. Difficult to have one's broker find shares to short, with few outstanding in the public float. Neither are brokers keen to allow retail investors such as us to Short a stock under $5. Sure, you can do it, but anything under $2.5 per share requires $2.5 per share as margin in your account. Want to Short 1M shares of a stock currently at 001? You need $2.5M deposited in your account to meet margin requirements.
So why would any remaining hypothetical Short who possibly shorted above 2.50 be worried or shocked about the PPS being at 0.22, or wiggling back to 0.40 for that matter?
Frankly IMO, the idea of shorting a penny stock even above $5 is extremely dangerous. Too easy for a false pump PR to be released torching the Short position. How much would you risk Shorting one of these stocks - maybe 1000 shares at 5 for a potential gain-loss of $5K? So with the PPS 0.22, or a gain of $4780, would you sit trying to squeeze out that remaining $220? This stock maybe has another year to go before the brokers in mass consider it worthless. Already having a 96% gain out of 100%, would you wait for at least a year for that remaining 4%, or just cover, and redeploy the gain elsewhere?
There's no worry on the Short side, because they are all gone. Any short shares to be listed from here on out is due to the mechanics of the market. That's why one can see Short interest go up and down, where by definition it's impossible for retail to Short a non-marginable stock as POLR.
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