ZIM Short Interest: The Numbers

Shares short: 15.86 million
Short % of float: ~14%
Short % of outstanding: 13.17%
Days to cover: 4.24 days

That’s big. Almost 16 million shares need to be bought back by shorts to close their positions.

Why This Could Push the Price ABOVE $35 on Monday

Here’s the mechanics:

1. The deal at $35 is a 58% gap-up overnight. Every single short is now deeply underwater.
2. They MUST cover. At $35 deal price, there's no scenario where holding the short makes money. The best case for a short is the deal breaks — but that's a huge gamble.
3. 15.86 million shares need to be bought in a compressed timeframe. That's 4.24 days of average volume worth of forced buying.
4. This creates a short squeeze on top of the M&A gap-up.

With this much short covering, Monday could temporarily spike ABOVE $35. Here's why:

• Panicked shorts covering at market open = massive buy pressure
• Limited sellers (most longs will hold for $35 deal price)
• Supply/demand imbalance = price overshoots

This has happened before in M&A deals with high short interest.