Based on other big special divs (see LU), this is likely to be flat to down after this short covering, until it goes ex-dividend. And based on personal experience, the ADR bank will take like 20% of the dividend per their agreement with the issuer. It's a ridiculous amount for ADR holders to lose, but it's fairly consistent.
Awesome bump here, but there's little to keep this moving higher now that the shorter covering is happening (1.6 million shares as of mid June). Shorts would have to pay the special dividend, so weaponizing the cash like this was a good move by management.
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