Issuing new shares requires approval of existing shareholders. But, any other holders of the stock can sell to allow them to cover. Average volume is 24M shares so i would imagine that getting out of the short isn't that impossible.
The current number of shares on loan is 44M, and the price increase since yesterday is $100. So we're talking about a paper loss right now of $4.4B.
That might sound like a lot but i'm not sure how significant it really is.
Issuing new shares requires approval of existing shareholders. But, any other holders of the stock can sell to allow them to cover. Average volume is 24M shares so i would imagine that getting out of the short isn't that impossible.
The current number of shares on loan is 44M, and the price increase since yesterday is $100. So we're talking about a paper loss right now of $4.4B.
That might sound like a lot but i'm not sure how significant it really is.
Also not an expert :) I agree it's a lot for a single fund. I guess I was assuming it wasn't just one player.