8 Million Short Interest Shares and Trapped: What To Do?
For what it is worth 8 million shares will have to be covered at some point which may keep the stock price elevated above the cash offer. Shorts usually get stopped out on the higher end of a deal but this time they have to decide when to cover on the lower end without forcing the price higher. Keep an eye on the after hours and pre-market trading volumes to see what they do. For now Longs can control the ASK price.