Sandridge frustrating the heck outta short players.....
Over 53,000,000 shares shorted as of the last update...a very healthy % of the outstanding and even bigger % of the float. They obviously thought selling short was the path to $$$$, but it hasn't been working out that way.
SD's mrq showed losses, but the stock has climbed.
The price of oil has been under pressure, still SD trades higher and higher.
The crisis in Washington has investors spooked, but still SD keeps going up...trading around $6 now when as recently as July it was under $5
Trapped bears may be left hoping for a US government default, nothing seems to be stopping the steady climb. Of course if the US does default it would be something of a hollow victory, the USD would get clobbered rendering the profits made far less valuable.