4.29% Shorts1 Apr 2026 17:35
I often sell up when the shorts pile in and buy back at a reduced price, but I have not done that recently as I dont want to be out.
4.29% shorts is 5.15M shares - CPI Avg Trade Volume is 720k (today was 500K).
At avg trade volume, they would have to be all buys for more than 7 days of trades. At todays volumes they would be 10 days.
Shorts only make money when they buy at lower than they rented the shares so they need to close sometime.
This is why I have been adding small amounts as I believe this will move quickly within the next 3 months and it may not be on news as the shorters will also be watching each other and looking to get out before others do
1 more trading day of the year and new ISA limits next week is another reason I dont want to be out at the moment.
Been a great day today on many of my other shares with so many FTSE 100 making big moves today
DYOR