FMG 9.10% $16.09 fortescue ltd

Can someone explain why LT holding instos lend their stock to...

  1. 12 Posts.
    Can someone explain why LT holding instos lend their stock to shorters for very little premium and then watch their long holdings get trashed. Can't get my brain around the logic. HELP!!
 
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Last
$16.09
Change
-1.610(9.10%)
Mkt cap ! $54.49B
Open High Low Value Volume
$16.25 $16.27 $16.07 $39.90M 2.461M

Buyers (Bids)

No. Vol. Price($)
11 4546 $16.08
 

Sellers (Offers)

Price($) Vol. No.
$16.09 754 3
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Last trade - 10.16am 04/09/2024 (20 minute delay) ?
FMG (ASX) Chart
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