RE: why is the stock price not updating29 Aug 2022 15:17
Not sure about shorters. They can really go after a share. It's kind of like a "pile on".
The pressure that puts on a company in trouble is enormous. Even before covid, Cineworld was the most shorted share in the UK. So after covid happened, the shorters must have thought they had won the lottery.
Cineworlds hands were completely tied. No chance of raising funds because of the pressure on the SP.
This is how the meme stock was born. Gives the shorters something to think about.