Starting to Cover Short Positions, page-11

Hey, by definition since the SP is at an all time low, all shorters who borrowed and sold shares are in the green. I guess they would want to know they have access to borrow more shares to keep control of the SP. Maybe they do?

However with 106m outstanding aggregate shorts, that is about 50 days to cover at the average of 6m/day shares traded.

If people start buying into PDN with serious volume, shorters could be in real trouble.

However, the question is will the U308 and sentiment change be a gradual thing over 6-12 months or a re rate in a couple, this is the question