Shorts Return Borrowed Shares of CYDY. Shorts had
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Posted On: 03/01/2021 1:33:12 PM
Shorts Return Borrowed Shares of CYDY.
Shorts had over 3 millions shares borrowed as of Friday close and as of today's open. Hedge Funds can borrow the shares of CYDY, but just hold, not short the shares. They must pay the interest, but they can decide later if the want to use the borrowed shares to short CYDY (sell) or just return the shares they borrowed. It appears they merely returned 2.5 million of the borrowed shares this morning, deciding not to short sell them. That is bullish, IMO. It could be just 1 or 1 Hedge Funds only.
https://www.reddit.com/r/CYDY/comments/lvb2q7...2595318775
Shorts had over 3 millions shares borrowed as of Friday close and as of today's open. Hedge Funds can borrow the shares of CYDY, but just hold, not short the shares. They must pay the interest, but they can decide later if the want to use the borrowed shares to short CYDY (sell) or just return the shares they borrowed. It appears they merely returned 2.5 million of the borrowed shares this morning, deciding not to short sell them. That is bullish, IMO. It could be just 1 or 1 Hedge Funds only.
https://www.reddit.com/r/CYDY/comments/lvb2q7...2595318775
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