XpresSpa Group Inc (XSPA)

[VrngaDingDing]

Yes, agreed! In economics terms, the available supply of shares (the float) has been reduced because more shares are in stable hands. Lending the shares makes no difference because they were able to be lended before the transfer to stable hands (if they couldnt be lended after purchase by stable hands, it would double the effect.). Stable hands reduces the velocity, or turnover, of the shares making the same shares unavailable over time to new buyers and forcing them to buy different shares. The supply curve shifts to account for less supply and the demand curve stays stable, resulting in a durable higher price for the same level of demand. And, BTW, the gains come AFTER the reduction in supply, not before, so the durable price gains should show up AFTER the actual addition, so starting in July. There should be an initial increase and then a slow rise to a new stable price range.