the shorts are betting for growth to be slowed by the PayPal news but that won’t immediately just happen. We don’t know the logistics of PayPal’s BNPL options.
Z1P shorts were peaking back in early May with 10% of ordinary shares short sold being roughly 39 million shares. I feel we have surpassed that. These guys are taking some huge risk right now. First of all they don’t own the shares they short which is why they dig themselves into holes when they need to cover. Nice way to send yourself into a hole. Z1P also have a point of difference with their product as they arrange BNPL options for bills. This should be introduced into the US as a feature? It will do very well there in my opinion.
the shorts are betting for growth to be slowed by the PayPal...
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