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They went into the first day of trading >115% short so they could buy more in the open market. As they cover the short they are adding buying pressure, but if t
by spiantino 7y ago
They went into the first day of trading >115% short so they could buy more in the open market. As they cover the short they are adding buying pressure, but if the stock is down from the offer price, also making a handsome profit on each share
- robocat 7y ago> As they cover the short they are adding buying pressure But the short added selling pressure. Essentially as they cover the short, they are just removing the extra selling pressure they created.