I've heard that, but I don't think that's how it works. Brokers that have inventory can loan the stock, and individual investors can't short below $5 anyway. Then, there is naked shorting (shorting without borrowing - illegal, but still goes on).
only 90 million shares outstanding. was previously 130 million. sfi bought back 40 million shares!!!!!!!!!! they took off 30 percent off the float. with 22 million shares short thats a 24% short ratio. sfi common is going to the moon!
check your broker to verify. thats what i see in zecco
Actually, there are currently less than 4000 shares short (virtually nothing). The figure you see is what was short last month. And why must they cover within a week? As long as they maintain their margin, they could hold as long as they want. And you don't know when they went short, they could be sitting just fine.
I'm not a short, and I think this stock will definitely rise (despite analyst predictions that it will fall below $2). Just conversating with you.