EPS, assets per share, revenue per share, book value per share, every financial measure is based on OS.
So if the OS decreases all those ratios increase, if only anyone knew what they were.
Put it this way, if you held 10 million shares yesterday your ownership would be 1.25% (10 million out of 800 million)
Today your ownership would be 1.38% (10 million out of 725 million).
1.38% / 1.25% = 110.4%
It adds 10.4% to the value of your shares