RE: Short Positions15 Sep 2022 19:38
Shorters will only start closing if they see big institutional investors buy shares in this company. At present this seems very unlikely, big institutions will most likely want to hear positive news and an upward trajectory of the firm before they start to invest back into the firm. Again highly unlikely at present given that boohoos biggest market the uk is going through a bad patch, inflation and higher interest rates. I’m holding my shares for now, patience is required, this is not going to rocket to moon anytime soon.