PLS 1.23% $3.22 pilbara minerals limited

when a short position is put in place say PLS $4.20this is the...

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    when a short position is put in place say PLS $4.20
    this is the covered say at $3.60
    profit on this transaction is .60

    what happens to the share price when given back to the owner
    i hope this question makes sense
 
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