RE: Spread the love14 Feb 2022 17:34
Remember, AKO Capital LLP reduced to 0.35% the previous day.
This does leave Marshall Wace LLP sticking out at 2.85% as something of a oddity.
Add in that they are late to the short party.
It's not like they had a massive short from the 400p range
M Wace only really started increasing to these levels back in December 2021 and its not like they could be massively in profit either as their last two recent increases have been in the 80's range.
Both of which are presently underwater for them.
So, they need sellers, but where are they going to get them from?
If there was ever going to be a re test of the floor at 85p, that would have been today given the wider market meltdown.
But, what actually happened was that buyers came in through the session.