To CR or not to CR that is the question?, page-15

The good Dr Pinot reported 34m shares on loan. I am not sure that in right. I suspect the Dr quoted the "days to cover" number.

This link shows the short interest to be 17m on the 3rd. Average daily volume is 0.5m. So on that basis it will take 34 days (almost 2 months of trading days) to cover the shorts - and that assumes is if every buy is made to cover a short, and no-one else decides to buy on the back of the improving news, and those holding decide to sell. I cant see the trading volumes increasing until the mid 20's (where the people who got in at the bottom, cash in instead of waiting for the 18 month/ 2 year long haul).

https://asic.gov.au/Reports/Daily/2021/02/RR20210203-001-SSDailyAggShortPos.csv

This is not going to be a Gameshop situation where 260% of the available shares were on loan, (the shares were borrowed by shorters, who sold the shares to banks, who purchased the shares to lend them out to another group of shorters).

In this case the loan is 1% of the total and perhaps 6% of the free float, but in the face of more demand, and less supply of shares available for covering, short positions do not look comfortable places to be.