Lending to stock to stop immediately. The news article does not say how long shorters has to return the funds. Of interest below:
"However, we are now in a market gripped by panic and we believe that restricting the ability to short-sell is in the best interest of promoting a more orderly market.''"We are only one fund and the efficacy of our actions will depend on how many other funds follow a similar path. Of course, we are not privy to the thinking of other funds who lend their stock.''
Almost an invitation for others to join in, or for the government to take action to ensure an orderly market. Either way, would be good for GXY, being a top shorted share.
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