MBIA Inc.'s 45 million shares sold short versus only 92 million shares outstanding.
Company bought back 20% of its outstanding stock last quarter.
There's a $250 million buyback authorization pending vs. a market cap of $750 million. If fully executed, Adjusted Book Value rises to over $40 versus $8 trading price today.
There could be a Porsche/VW type of situation where there simply aren't enough shares to cover a short position - could cause a "rip-your-face-off" rally.
Earlier this week, I read that 1,000 people own 40% of all the bitcoin in the world. Now, even if this is Tulip Mania Part II, that was a singularly strong enough data point to