Unless account C is held under a totally unrelated beneficiary entity to the holder of account A, the net position of the ultimate beneficiary entity hasn't actually changed.
If beneficiary entity behind account A and C are separate unrelated entities, then account C would end up as the beneficial owner of all the shares and would need to lodge a substantial if over 5%.
Look, I am not disputing that there are quite a few ways for companies to use short selling in some innovative way (other than as a hedge against their long position). Every investor must decide for themselves what data points are important to them. For me, I've doubled my position in STX since SE2/3 in spite of the short because I am betting my valuation model is correct So I've chosen to make use of the short selling and basically taken the other side of the short sell transaction. So whether they are genuine or "fake" short is irrelevant.
618
STX Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
So I've chosen to make use of the short selling and basically taken the other side of the short sell transaction. So whether they are genuine or "fake" short is irrelevant.
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