I think you guys have it the wrong way around
CS only becomes holder of the stock after their clients short the stock. The stock lending agreement is "on-demand" rather than "borrow first, then lend out to short". CS has an agreement in place with supplier of the stock for X amount which will be lent out to CS when they need it. Otherwise CS will be exposed to the stock themselves
Ann: Becoming a substantial holder, page-10
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Last
41.5¢ |
Change
-0.015(3.49%) |
Mkt cap ! $686.9M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 42.5¢ | 41.0¢ | $277.5K | 664.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 106295 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 63091 | 5 |
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