Jan. 29 at 1:39 PM
$NFE a US based stock doing a UK restructuring is pretty rare. I found one more case like this: Fossil Group
$FOSL
They did a restructuring in November 2025. Stock went from
$1.9 to
$4. However, stock was short only 13% and borrow fee was 10-15%.
$NFE has a much more explosive setup. 30-40% short interest and borrow fee is already ~100%. And based on the options chain, majority of the short position is unhedged. Therefore we will do much more than 2x.
Whoever is on the short side went into this position assuming
$NFE will go down a path of chapter 11 bankruptcy. UK restructuring is a different path. Now short sellers are stuck in a horrible position.
