The only thing positive in today’s announcement, was that it wasn’t sugar coated like many have been in the past.
But with short interest now surging to record highs, caution is the name of this game.
I suspect big falls lie ahead, and the buying likely by those looking to loan the stock out for further shorting.
And to those with selective memory, last time shorting was this high, the share price consequently collapsed by greater than 50%.