WBT 0.43% $2.30 weebit nano ltd

Short data on WBT, page-2184

  1. 133 Posts.
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    Tell me if I'm wrong here, but I think its pretty simple actually.

    Index funds were forced to buy a shit load of WBT in 22/23, that drove the share price up further, shorters spot the SP is way overvalued, take advantage and borrow all of the index funds shares to bring it down to a MC thats below the 200/300 capitalisation cut-off. Shorters liquidate their short positions when the index rebalance comes about and WBT is kicked out of the 200/300. Shorters profit. Index funds take a bit of a hit, as they always do on the stocks that yo-yo in and out of the index, but make some decent coin off lending their shares out.
 
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