RE: Holdings Notification 8.310 Jan 2019 20:37
IANAA,
Given the position we are in atm I would be amazed if anyone had any position other than tiny in shorting Ophir (with exception, see below).
With the 8.3 notification we have seen the odd institution that still hold shorts are slowly reducing ,ie Blackrock.
We now have +84% declared institutional holders, that is high and I'm still expecting that to close in on 90%.
Don't forget, Ophir are not an aim stock and as such are viewed differently by the shorters. Plenty of mileage on other stocks to short a lot easier for greater return than Ophir.
Check out daily CURRENT short list, although they don't report on less than 0.5%, Ophir are not listed.
Also look at the HISTORIC disclosures on the next excel sheet of the same document. You can see whos held and how they have been reducing. Note JPM, I would say they are the only ones that have any short position of note. I would estimate around 1 to 2m atm. They have not declared their position 8.3 atm either and I think that RNS 2.9 by our board yesterday was directed at them. Bit embarrassing if they disclosed holding a large short and the price ran away .... think a few other funds would have a laugh at them !!! So, I think JPM are possibly holding the SP back until they have closed all their shorts. So in that case expect the see the SP rise a little up until their 8.3 deadline of next Tuesday. We all know how squeaky clean JPM are .... !!!
Hope that helps.
https://www.fca.org.uk/publication/data/short-positions-daily-update.xls
https://www.shorttracker.co.uk/company/GB00B24CT194/
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