two orders of magnitude error on the shorteurope site30 Oct 2022 13:59
ATAT Re: " I guess it still leaves the question of why the numbers are out by two orders of magnitude on the shorteurope site."
I think ShortEurope have incorectly presented the position values for all the companies holding short positions.
In the case of Kinbury short of 0.78% with position value of 5,024.93 M should instead read 50.2493 M. This accounts for the error of two orders of magnitude, I think. My calculation is, 0.78% * £6442 M = £50.2476 (using present market cap).
All the position figures for other companies given by Shorteurope are incorrect, with the decimal point in the wrong place. And of course the Sum figure given for all the short positions must be wrong because 2.2% of the company is valued at 14,172.87 M when the whole market capital is only 6,442 M. The sum of short positions on ShortEurope I think should read, 141.7287 M, since 2.2% * 6442 M = 141.72 M, the decimal point needs moving two places.
Maybe I have missed something, but that is how I read the ShortEurope incorrect short position valuations for Kintbury and all the other companies. Indeed this error may be a feature throughout their whole website.
I hope this makes sense.