Not Really. NXT is not a dividend paying stock. So all the Shorters have to do is pay the original holder a fee for borrowing the stock. It moving from $6 to $8 is not a massive capital move.
if you are a big shorter you will be worried about a takeover or really positive future prospects in the short and medium term. Can’t wait till that happens and to see the short squeeze.
To be honest I am waiting for the August reporting which will have FY21 forecast which I am hoping is going to have massive revenue and earnings jump on the back of the hyperscaler deals billing in S2 and hopefully include the P2 deal win announcement (not billing).
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