Serendipity,
Sorry, my error. You are correct. The 27,244 figure is the number of gross shorts traded on 20 June 2018. Applying the 5.64% figure to the total number of shares gives a figure of 2.7m shares which are currently short. I agree that the value of share in 'in play' is substantial.
Although the % of shorted shares has been around this level for last 12 months and there hasn't been any kind of notable increase lately the potential gain for these shorters is definitely substantial. Which raises the question in my mind, as to whether the so called research report is a 'ploy' which will enable CCP shorters to make a significant amount of money.
If we assume that the 'Checkmate Research Group' was 'established' in April this year and it took 'them' the two months since then to write 'their' report they, or persons associated with 'Checkmate'. would have had plenty of time to build substantial short positions. I am not surmising that this is what actually occurred, only that there appears to have been sufficient time for this to have occurred.
I am counting on CCP issuing a clear and substantial rebuttal on Monday.
K
CCP Price at posting:
$18.84 Sentiment: Buy Disclosure: Held
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