Hi Bron, I’m still holding tight.
15% of GXY shares shorted.
That equates to around 61 million shares.
Let’s assume that all those trades today were shorts covering.(almost 3 million shares traded today)
That still leaves around 58 million GXY shares shorted.
58milom x $3.06 = approximately $177 million dollars.
$177 million minus 6.25% = $11 million wiped off the value of their total short positions.![]()
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Ouch
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