Yesterday, wih renewed forces shorters attacked the IOC shareprice. More than 2.2 M shares were traded. This action will certainly up the total short number. However, the attack has been in vain. Shareprice rebounded nicely today and I am looking forward to the moment that these people get roasted in March.
Stranded is a very nice way of putting it. I suspect after tanking the stock yesterday there was LOTS of covering going on during the late day rebound. Ditto lots of covering today. The company did an excellent job in responding to the latest bear raid but make no mistake, there will be others before a deal is announced in March or April. There could also be a buyout offer at any time.