Good lord! You're probably just trying to help, but I was being facetious. I was asking how someone who'd just bought a massive chunk of shares would then turn around and short them to get the cost down. It's ridiculous. I understand stock lending. It's done on a portfolio basis, not stock specific. So an institutional investor (or their client) will offer their entire portfolio to lend thru their custodian. What this will do is basically offset the custody costs. And often this stock lending is done by the institutions client completely independently. It's caused me grief over the years as I've bought the stock in a long only fund just to see my client lend it out, to someone who was shorting the stock...makes no sense. There's about 1.4m PET shares shorted, and all in the last week.
PET Price at posting:
$1.25 Sentiment: Hold Disclosure: Held
(20min delay)