Q: In answering Maida's question "was short selling putting downward pressure on JE?" you noted that there were only 7.8 million shares sold short. On BNN yesterday when interviewing Andrew McCreath, Andrew made the point that when you include the US exchange that 30% of the float (issued shares less insider owned shares)had been shorted.
Given the current dividend, isin't this an expense stock to short? Might the shorts get squeezed, especially if JE ramps up its share buy-back?
Given the current dividend, isin't this an expense stock to short? Might the shorts get squeezed, especially if JE ramps up its share buy-back?