Does it matter? The most one can ever make shorting is 99% of their risked principle, doesnt matter the price. In fact the higher price actually means an early exit, since one doesnt wait to achieve 99%. That would be like shorting at $1 and waiting all the way until the security trades below .01, for what? An extra couple of dollars in potential gains? All that while paying fees and interest and oh of course having a huge piece of cash stuck in Maintenance Margin unable to do anything with it.
Like most long position traders they take their profits when they present themselves, 30% gains are typical targets, as the ability to continue the borrow is limited in time by the lender and costs for the borrow.
Looking at Short Interest it is obvious no such large position was ever taken here against KMAG, never mind not even a sustained one. In fact the largest position taken was a whole 960,970 shares, that is .0013% of the OS... craziness, how can the stock ever handle such a massive short position...lol.. Give me a break.
I just picked an example, the price was just used as an example of the costs involved. Still doesnt change the fact that one can only gain 99% and yet they can lose infinite on going short. In your example of .014 to .0007, 99% has already been achieved, in fact it was achieved at .0015, they wouldnt be holding it for .0007, they already made their full skin on the trade and there is nothing to be made from going further down from .0015. This is of course if the fees and interest were not eating them alive on the profits and of course the Broker hasnt pulled their position.
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