RE: Short positions16 Aug 2022 11:38
Allinittogether,
Purely as a rough approximation. I would say a potential 12m of the 27m plus stock on loan could have been bought back, although I doubt it is this much reason being, its easy to be brave using other peoples money especially if you are in profit.
Looking at the volume and some reporting on www morningstar com. It looks like approx 31m shares were sold up to end July and 8.1m bought. Interestingly with Blackrock taking 2.7m of those.
Total volume was approx 57 million in the 7 trading days after the announcement up to end July. In August daily volume has ranged from 1.2m to 4.1m. I have assumed around a 60/40 buy sell split.
www morningstar com/stocks/xlon/sfor/analysis