RE: Shorts17 Jul 2024 14:05
True indeed Kipper9
But don't forget that hedge funds like Walleye don't need to be in any hurry to disclose to the Fca any updates on that supposedly still open short position. They can take as much time as they like specially if they're based abroad as they get extra time and extra tlc from the boys running the UK Fca. Remember, as once I was told by the Fca, their arrangements with the shorting hedge funds is done in a private setting and never an obligation is placed on these funds to disclose their shorting activities in a timely fashion. So, that short could still be visibly still seen as outstanding according to the Fca, buy that Walleye could in theory have it already closed weeks ago or at least on between now and sometime last week. The fact that the cpi share price was able to shift through without too much interference may imply that the their short is no longer active.
Nevertheless, don't forget that spread betting firms like IG Index and others similar firms operating in the UK and abroad too can take speculative positions like short selling spread betting and cfd trades that don't need to be flagged up to the Fca as these are kept on the IG (market makers) trading books. So, you don't need to have a fully publicly declared 0.5% position that is still actively in place to create a distorted share price movement. Ig Index and others like them can still place short selling bets that are big enough to create havoc.