Well. There is the obvious.
22,000,000 shares of a short position has a value of about $94 million. Now the shorts didn't sell those shares at $4.30 but a lot higher at $5 to $9.
So do the math an figure out how much cash the shorts have in their accounts. The short net position is the difference between the price they sold and the current price, but that is not the amount of cash in their accounts for the short sales.
The longs have their shares at a share price of $3 to $10 depending on when they bought. So at this point they may be down -$1 to -$6 depending on their average cost basis.
The difference is the longs have ownership in a company that hopefully will have value in the future. The shorts have a bet that Anavex will fail.
The upside for the longs is much more than the upside for the shorts.
The longs don't need much if any money to continue their position in the future. The shorts are paying borrowing costs every month. They are increasing the size of the short bet. The short position increased 10% over the last reporting period. 2 million shares x $5 = $10,000,000 that went in to the short accounts. Pretty good work for a two week period.
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