RE: Shorts further reduced to 9.16%24 Aug 2020 19:20
It would appear that 59 North Capital Management reduced their short position on Friday last week to 0.77% and that is the very same day that Jangho upped their share holding to 5.06%.
Todays share price and healthy volume suggests that there is another short closing or increased shareholding TR1 due and a further accompanying short squueze and why shouldn't there be.
Our Regal Cinemas in the US have been green lighted to open from last Friday.
All Cineworld cinemas are moving into a viewing spike that will accompany the latest Christopher Nolan blockbuster film Tenet on 26th August.
A recent Paramount Decrees ruling in the US now makes it possible, imvho inevitable at this share price, for the large film producers to now buy Cinema chains like Cineworld.
Jangho have recently announced a shareholding and have been consistently adding since.
Peel Hunt issued a revised target price of 180p today.