Facebook Lock-Up: Levitating Shares Defy Empirical Evidence
by ChaPaVe
On November 13th, a WSJ article "Facebook Short Sellers 'Losing Appetite' as Lockup Looms" reported that the borrowing in Facebook (FB) "has dropped by almost 40% this month, and sits at the lowest level since June, according to SunGard Financial Systems' Astec Analytics unit." This implies a reduction to the short interest reported by NASDAQ at the end of October of 87,988,874 to approximately 55 million shares. read more »
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