So I was reading about this whole situation and allegations (which seems quite silly and bizarre, nothing to add, and many thanks everybody for discussion on it), but one thing, if true, I do not quite understand:
"Block appeared on CNBC on before markets opened Thursday to reveal his short position. Data compiled by Bloomberg show that 0.7% of Fairfax’s float was shorted as of Thursday morning."
"Fairfax currently has a short interest of 0.65% of free float worth C$203.81 million ($151.36 million), with short sellers having made over C$21 million in paper profits so far today, according to data from Ortex."
How does this short selling operation even make any sense, If short interest is really so low?