Short seller is leveraging Citi bank holding 3%, Morgan stanley 2.45% holding.
Since this began 8 days ago, Citi bank has had no change in holding, Morgan Stanley has a minor change down.
This appears to be the ultimate perfect play by Norges, completely evident that they have done there homework.
Between 17/1 - 22/02/18, 20m worth of shares changed hands in range of $14 - $15.5 range, with no major shareholder increasing there value above 5%.
Most recent short selling indicates 9m worth of shares has changed hands in last 8 days.
Would expect the selling to continue, until the remainder of those who purchased in January are forced to sell.
Citi bank holding remains unchanged, through out the short selling. If this doesn't provide any "NUBE - person with no idea", concrete evidence that this stock is stable. Please sell.
The inside mail, earnings are within previously disclosed range, with underlying business in a strong cost position.
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