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teecee56

02/03/23 1:34 PM

#430778 RE: Gamco #430775

glen...very simple...if you sell your shares for any reason....they get called back from the borrower...many institutions lend their whole portfolio of stocks out for a single price....and the borrowers pick and choose what they need..they will have to find other lenders....if the price of borrowing goes up...it hurts the shorts right in their pocketbook....technically with 2myn shares short and 29myn outstanding....there should be 31 myn of holdings among the various classes of shareholders