what's the float 136 mil. 10% of the float. that's not really that high many companies have that level of short interest. the difference is the daily volume isn't 300k on those stocks.
from what it looked like when I was able to watch the trading it looks like somebody likes to throw out offers away from the inside market. also hit bids when there's not a lot there. just trying to keep this from going anywhere. stock has to be sold in order to do this. I guess they could lightly buy some back but the volume is too low for that. I will say this: If any good concrete news comes out for this company these guys might be toast. the short shares have to be bought. they are future buyers of the stock . lets hope its sooner rather than later.
That is quite a few days to cover at the average daily volume. Yahoo finance is showing 15% short ratio.
Market cap divided by current pps shows approx. 142.8 million shares outstanding. 15% of that is 21.42 million shares short. divide that by average daily volume of 748,352 and I show 28 days to cover. Fairly substantial I'd say.
The company still pays the same amount of dividend out. They just have to pay the dividend on the extra shares that are out there because of their short selling. They also have to pay whatever rate the brokerage charges for borrowed shares.