Let's see 900m shares at .10 is $90M to be paid out. Plus, the 230M shares short is another $23M, paid out. Total of $113M.I am going to reinvest my dividends this Friday, well Ameritrade actually does it on Monday. More than happy to get more share below $4.Curious if...Anyone has any idea how many holders are dividend reinvestors? Any prior price bumps on dividend payment dates?When do other brokerages actually reinvest divs? Etrade does not allow FTR to reinvest. Ameritrade is day after payment.June 15th, was the first reporting that shorts actually decreased. Not by much but a million shares or so. The squeeze starts... I think.
I have seen some stock prices bump up around reinvest day just so those who reinvest pay more. A better strategy may be to take cash and wait a week or so.
I think the price is going higher.