Never, it's actually very profitable to lend out shares. You can't tell me that you wouldn't take the opportunity to lend out your shares for a 5-10% interest rate so that punters can make gambles with bad odds. You get the CGT on your shares + interest from shorters + any dividends. Its a no brainer for these big institutions
Contrary to popular belief shorting (at least on the ASX where there is none of the naked short selling BS) doesn't have a tangible impact on prices, at least not in the long run. Longs will always significantly outnumber them (as you said, only 5% shares are short) so with the right news, the shorters don't stand a chance (and will most likely be forced to buy back). No real downside for the lenders
Short data on WBT, page-1293
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$1.92 |
Change
0.000(0.00%) |
Mkt cap ! $361.7M | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.91 | $654.4K | 340.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7769 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 11026 | 1 |
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