So, given that shorts have to send the dividend to the share owners and that dividend may be either cash or stock or both, what do the shorts have to do. Do they have to send all cash or do they have to buy shares and add it to cash? Does anyone know how this would work? Thx.
The last I saw today when I was looking was that there were about 29,000 shares left available to short. This is a hard to borrow position thru Fidelity. The shorts will really be scrambling to cover this in the next few days and there are not enough shares left to short more to push it much lower. After hours volume is high and the last after hours price I saw was $17.04. Should make for a very interesting Friday