State Street are big on loaning out shares to the shorters. They muddy the waters by not providing total number of shares held on 19th April when they went under 5% but provide the number for 2nd May when they went over 5% 6.5 million to go under 5% so if 7 to 10 Million shorts returned they would likely go back over the 5% From the bottom workings over 34 million shares were returned nett to those loaning them out.
Following are order of magnitude numbers from Annexure A
Rough numbers from Annexure A have SS buying 16.5 Million. Normally there would be sales but not on this report which is a positive sign. Similarly in the order of 5.8 million shorts were returned. Normally there would be negative numbers where shares were lent out but not on this report which is another positive sign.
2-May-23
47,426,337
0.058
19-Apr-23
40,884,773
0.05%
6,541,564
In the order of 7 to 10 million required to bring back up to 5.8%
This is an analysis of the shorts. Overall shorts are rising but SS is not the lender nor seller of these shorts over the past fortnight. This is a positive sign but they are only one shark in the pond.
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