If there is 20 Million shares shorted and only 2.8 Million buyers. then there is still 17.2 Million shares needed to cover short positions. Only 0,48 Million sellers, so to me if the price goes much higher there could be a big rush to buy or am I missing something about crowd psychology. It might be worth another look at cochlear another hugely shorted stock.
Macquarie downgrade, 70c Target, page-10
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