HF Sinclair Corporation (NYSE: DINO) announced a $1.5 billion equity buyback program on August 26, 2026. This is an authorization — the company is permitted to repurchase up to that dollar amount of its own shares. No shares have been confirmed purchased yet.
For holders, a buyback authorization can reduce the share count over time as repurchases occur, though the pace and timing depend on the company's discretion. For short sellers, the picture is calm: short interest sits at roughly 4.9% of the free float, with about 8.3 million shares sold short and a cost to borrow of just 0.47%. Availability in the lending market is loose, with only 2.5% of borrowable shares currently lent out. Days to cover stands at 3.3, meaning shorts face no unusual pressure to exit.
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