In August there were 61 Million shares shorted. Only 32 Million...

In August there were 61 Million shares shorted. Only 32 Million have been closed. In August the shareprice was 47c. If you shorted BRN at 47c lets say for 5 million shares. that would have cost you $2.35 Million. Currently if you need to cover those shares, it's going to cost you $7.9 Million, plus fees. If the company went under then you'd lose as a normal holder $2.35 Million 100% the risk of a shorter is there is no limit. So there is your burn. Like true gamblers, the shorts are likely trying to buy high again, yesterday and make up some of their losses. If they gamble too hard then those losses could end up not 235% down like they are currently but possibly 500% down on a new contract lets say. So yes shorting can be a good profit, but it can also be a very dangerous game to play. "Gamestop" anyone? From this point as a holder of over 440k shares who will not sell at any price I am happy that short holdings will need to buy back a lot of shares. The interest in BRN is high so if they don't time it right, by the time they have to buy, they may well push the share price many many times higher than we are now.