RE: Bankruptcy? Really? Surely not?9 Sep 2024 14:51
Hi Kipper9
You're 100% spot on. Cpi shares are getting manipulated and perhaps today is the day for that increase short percentage seen last week actually taking full effect. Imho, my view is that they had to increase their 0.60% short position to 0.70% for the sole reason that they were most likely stuck in a loss making short and needed to either average their ill judge entry to break even for then to close it off, or are wanting to still come on with a profit and or break even on exit.
Anyhow these are the figures showing in my interactive brokers pro account taken from the short selling statistics sections and are lots of shares fired off for shorting purposes. Every amount figure posted here is made up of many various shares lots that put together makes that entire figure and therefore if you look that figure in the buy and sell traded volume list, perhaps you're not going to see it. Interactive Brokers only shows me a overall amount executed at a certain price and that's all I can provide for statistics purposes.
126,762 @ 18.303p at around 11am
407,218 @ 18.301p at around 12:00
26,332 @ 18.30p at around 12:15
223,924 @ 18.204p at around 12:45
402,237 @ 18.202p at around 13:30
29,887 @ 18.211p at around 14:00
224,640 @ 18.197p at around 14:15
well over 1.4million shares pushed through since mid morning and early afternoon for shorting purposes.
The borrowing fee rate for shorting shares(borrowing the stock from the lender) so to sell into the market is
for cpi today standing at 2.28%