The total number of shorts has decreased like from like 125M to 110M or thereabouts. Don’t try and imply the drop from 19% to 10% is a result of shorts covering. The only reason it has dropped to 10% is because the total number of shares have increased due the massive CR dilution so as a percentage the previous shorts are smaller but there is still a significant number short.
With more shares on offer now, the shorts have more ammunition if they can get their hands on the new shares.
Scary stuff.
SYR Price at posting:
39.5¢ Sentiment: None Disclosure: Not Held
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