morgan stanley - shareholding, page-27

134M? that depends, MS might stop at around 5%, might stop when required fund is collected.
....

Here are the shorts:
pct sp.pct
20101203 35,016,599 7,814,985 22.31 -4.53 7.6M@162*
20101206 34,757,919 6,537,386 18.80 -4.43 8.7M@155
20101207 47,645,401 7,736,695 16.23 .00
20101208 32,673,512 1,674,302 5.12 -1.65
20101209 27,101,574 126,974 .46 0.67
20101210 31,625,985 1,140,500 3.60 -1.67

*7.6M were sold by MS at 1.62.

MS is a major holder, and knows it will continue to off load. Hence MS is most confident to short sell.
However shorting will press sp down so 1st MS's holding value decreases; 2nd less profit from selling; Both are offset by profit from selling. Where is the balance - probably even hard for MS to control.

but Other big players may see MS is continuing selling, so shorting LYC to profit.
Plus potential buyers may leaverage into MS profit taking, 1st short to profit and 2nd harvest at low sp.

Short stops recently at 146 to 151. That speaks for something.