Why do you think they have to cover soon? This is a value trap now. There is no divi, no capital management and no take over interest. So There is nothing interesting going to happen for next 6 months, apart from mcphillimy. Long short funds would have used the funds from short selling and deployed on some other shares where they can get better returns. These short positions can go on for years if the company is a serious offender. RRL is serious offender now. They have cut the dividend to zero, overpaid for takeover and qtr after qtr management disappoint.
dyor & imo
RRL Price at posting:
$1.87 Sentiment: Hold Disclosure: Held
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