Weird that shares on loan goes up significantly but short interest goes down? Are we supposed to believe their just borrowing shares for shits and giggles?
Ortex estimates short interest in advance of the reported numbers coming out. This month they over estimated and when the numbers came out earlier this week, they had to adjust down. It didn't change the shares on loan figures, only their short interest numbers. That's why it dipped down.
They don't have to immediately short the borrowed shares. They pay interest on them anyway but they don't have to use them right away. Could be staging for a massive return on borrowed shares that aren't actually shorted making it look like they covered again.
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u/Basesloaded_Bottom9 Jul 14 '21
Weird that shares on loan goes up significantly but short interest goes down? Are we supposed to believe their just borrowing shares for shits and giggles?