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So why aren't these guys actually short then? Out of the goodness of their heart? Would be a first. Low conviction. Put your money where your mouth is.
by optimiz3 6y ago
So why aren't these guys actually short then? Out of the goodness of their heart? Would be a first. Low conviction. Put your money where your mouth is.
- norswap 6y agoSpeculation: They might be afraid of a GME-style short squeeze. They also might be waiting to see if the stock starts dipping to jump in.
- optimiz3 6y agoThat's only a consideration when SI is a high relative to available float. As of 1/15 CLOV short interest was 9.11M shares out of 143M shares outstanding (minuscule squeeze risk).
- hervature 6y agoDamned if you do, damned if you don't. In this climate, short sellers are viewed as evil. If you are trying to speak to those exact people about one of their heroes, do you follow the playbook of one of their enemies (shorters who post negative outlooks) or try to appear genuine by not having a position?
- optimiz3 6y agoThere has to be an end game though, if it's not to put food on the table then what is it? These funds are generally closed to outsiders so its unlikely they are just trying to virtue signal to retail.