Ackmans 60% short will still cause a huge move up with dutch offer to retire 2 billion worth of stock or outright
a buyout by private equity.
60% short is still a huge number of shares - 12M. Why are people acting like Ackman is off the hook as if he covered all of his 20M short position?
i agree and likely short interest figures are still just as high if he bought long term puts
The other side of the trade would put someone else short the stock and likely weaker hands who will cover when squeeze keeps going.