RE: £1+ PER SHARE6 Jun 2020 13:48
If there are circa 2.8B shares in issue, the percentages below show the number of shares that could be short.
1.00% 28,000,000
0.75% 21,000,000
0.50% 14,000,000
0.25% 7,000,000
If we take the lowest figure of 7M and say there are 10 brave souls that are short, that would be circa 700K shares per shorter. Some might be braver than others, so there are a few options.
100k shares, gap up to 25p, circa £25,000 burnt
350k shares, gap up to 25p, circa £87,500 burnt
700k shares, gap up to 25p, circa £175,000 burnt
950k shares, gap up to 25p, circa £237,500 burnt
100k shares, gap up to 50p, circa £50,000 burnt
350k shares, gap up to 50p, circa £175,500 burnt
700k shares, gap up to 50p, circa £350,000 burnt
950k shares, gap up to 50p, circa £475,000 burnt
100k shares, gap up to 75p, circa £75,000 burnt
350k shares, gap up to 75p, circa £262,500 burnt
700k shares, gap up to 75p, circa £525,000 burnt
950k shares, gap up to 75p, circa £712,500 burnt
As I've never gone short, I'm not sure my calculations are 100% accurate anyone feel free to correct them. If they're 90% correct it's easy to see why anyone short would be keen for the share price to go down when we resume trading...