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Questcor Pharmaceuticals, Inc. (QCOR) Message Board

  • wizardofpussy wizardofpussy Apr 14, 2013 5:56 AM Flag

    QCOR Float is 36M out of which 24M is shorted

    During the fourth quarter of 2012, Questcor used $18.6 million in cash to repurchase 747,207 shares of its common stock in open market transactions, at an average price of $24.93 per common share. Since the beginning of 2008, the company has repurchased a total of 22.2 million shares of its common stock for $340.3 million through December 31, 2012, at an average price of $15.36 per share. As of December 31, 2012, there are approximately 6.3 million shares authorized remaining under the stock repurchase plan. Shares outstanding were 58.5 million at December 31, 2012 and 63.6 million at December 31, 2011.

    Summary
    * Shares outstanding 58M
    * QCOR purchased 22M at $15.40

    Remaining Shares = 36M
    Out of 36M you have 24M shorted

    Traders playing around with 10M shares

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QCOR
93.600.00(0.00%)Aug 14 4:00 PMEDT

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