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Short interest in Nano has been creeping up, and is now 1.7%, it's highest since 2016 I think. Surprising they see much value in shorting at these levels, obviously expecting a very poor outcome. Hope the wild eyed optimists are right, and the shorters get caught out, but it's another sign that some people need to temper their enthusiastic expectations and assess this stock more soberly and realistically.
Fair point but where do you get 1.7% from. FCA site says 1. 37%. GMT are raising thier position though and I guess expect no sale and big dilution or it to bust
Interesting they do have to declare their positions in a RNS I the offer period. Or maybe they do and just aren't doing it
Sorry typo. Interesting they don't have to....
Maybe, like all of us don't know what is going to happen thus someone could just be hedging their bets by shorting. I know one thing I'm can't wait not needing to on to my ipad every morning at 7am to check the london stock exchange RNS!
The 1.7% was from this site, lse, but you are right, other places say 1.37%. All of them seem to include an eight year old position from Teton capital, which seems questionable?
I wasn't saying shorters are always right, I've already mentioned a spectacularly bad short which Lombard Odier are currently sitting on. It's just interesting that some financial professionals regard even the current Nano price as way too high, a view never expressed here.
Decent volume today none the less. What do we surmise/attribute that to as it’s a shift for some reason to recent trading patterns?!
Interesting GMT Capital Corp increase their short to 1.24% - Change +0.54% - Date Changed 27 Jan 2020. Was hoping for the other way round.
Shorting info seems a little unreliable. One site says GMT reduced slightly on 27th, and they all seem to claim another shorter who has supposedly held their position unchanged since 2012, which seems highly unlikely. The lse shorting graph for nano even seems to be based on a different data source than the raw data shown alongside it? Anyway, the Griffiths longs more than cancel out the shorts, fortunately!
Use the FCA data. Just Google FCA short positions
GMT went to 1. 35 and now trimmed to 1.24
Yeah, one site says that, others say it just went straight to 1.24.
What do you mean by the FCA data? The Financial Conduct Authority just collect it, so I assume they are the source for all the other sites, I don't think they publish it themselves?
Read my 10. 47 post. You can acces thier spreadsheets easily from the FCA Web site it done day ahead of short tracker
Nanoco has some very desirable IP, and numerous companies wanting it, but only a few that would spend the money needed to acquire our IP £20m on the new facilities for starters, and the rest for the ip and current technologies for the new oled tv technology. And the many other uses for nanoco,s technologies, the company is very desirable to these suitors, and the expertise within nanoco, it would make a fantastic bolt -on for any of our suitors, the takeout price could easily be any multiple of today's current SP. GLA.
Obviously I had read your post, that's what I was responding to. I had already visited the FCA website, and found nothing.
Still unclear what you mean. Is this the site you are talking about:
https://register.fca.org.uk/shpo_nosearchresultpage?mainsearchString=nanoco&search=nanoco
Just Google FCA short positions
Like I said, already done that. Repetition doesn't really help.
Richard Griffiths is one of our biggest share holders, he's steadily accumulating plenty of stock, see the 2 RNS , he's from Jersey and worth around £240 million . He must have very good reason to increase his holding. I'm sure he's buying with very good reassurance from his many industry contacts. GLA
OK got it now Bagpuss. Thanks.
If anyone else is interested it's here:
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
You have to click on the "public short positions disclosed to us - daily update (XLS)."
This downloads a spreadsheet which you then have to search for Nanoco.
Easy, huh?
Wonder @ what SP he'll decide to sell ?
Actually 3 recent increases by Griffiths, another one reported today, and he's the second biggest holder with 13.76%
The FCA daily spreadsheet indicates that Teton Capital Partners, L.P. have had a 0.67% short position in Nanoco since November 2012. This is the oldest entry on the spreadsheet. Teton are a hedge fund from Austin Texas. Is it likely they have they just forgotten to notify the FCA that they closed the position long ago, or have they seriously not found an exit point in all that time?