Why did UBS borrow 20 million shares to short mid january ?. Most of the shorts borrowed were from other parasites going along for the ride. They don't need to buy the shorts back if they are on the buy side with an obscure off shore account. That's the point, they push down into themselves and pass the shares back to themselves via the unregulated the dark pool.
They picked up most of these shares off you 6-9 months ago in the 1.90-2.40 range, now selling them at a profit and accumulating more at the same time.
GXY Price at posting:
$3.20 Sentiment: Buy Disclosure: Held