So in all this drama about 10 mil shorts were taken off the board. We still have about 34 mil shorts outstanding as milesy said 8% of the total market. In the last 3 years SP varied 1.80 to 1.30
Let's guess short @ 1.80. I get the impression the remaining 34 mil are not worried about a short squeeze they should have plenty of time to cover before SP gets to this level.
Am I reading this right? Or there other scenarios?
QIN Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
