You know I love your work @gimo211In this instance though, I do agree with @Heskumdai - this doesn't actually make sense.
Agree that the shorted shares have created an artificial supply of shares, which have helped to keep the price down. (Note: for which I am personally thankful for as I have bought quite a few)
The short position is only "risk-free" if they have been buying TPD as a hedge. Otherwise, they would likely be in quite a bit of pain already.
Short selling STX and buying an equivalent amount of TPD (roughly double) doesn't help anyone build any stake, let alone a strategic stake as they would simply offset each other. Eg. If I short sell 100 STX shares, and buy 207 TPD shares which I later convert back to 100 STX shares, I'd simply end up with a net position of 0.
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27 | 1375228 | 0.165 |
31 | 1191293 | 0.160 |
12 | 257459 | 0.155 |
24 | 445780 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 575756 | 6 |
0.180 | 520964 | 8 |
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