SHF are preventing DRS via pumping price during ComputerShare buy-in. But how many shares are they preventing from being DRSed? I did some napkin math: just under 2,000 shares kept in street
SHF are preventing DRS via pumping price during ComputerShare buy-in. But how many shares are they preventing from being DRSed? I did some napkin math: just under 2,000 shares kept in street
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The original was posted on /r/Superstonk by /u/sprintbooks on 2023-08-04 19:51:44.
Checking Yahoo, I see that there was a volume of 46,710 at 11:08am today (Aug 4 2023).
So...
- 46,710 vol.
- Share price at 9:30am - $20.95
- Share price at 11:10am - $21.84
- Therefore, buying power at 11:10am:
$1,020,146.40
- Volume of shares if purchased at 9:30am with above buying power:48,694.33
Therefore, SHF prevented DRS of:
1,984 shares
Edit:
I noticed I ran the numbers at 11:10am instead of 11:08 am like the volume I checked against. If I run the same numbers at 11:08am I get:
1,917 shares
*Here's the work:((46710 21.81) / 20.95) - 46710
Edit 2:
Discalimer that we obviously don't know how many of those shares out of the 46k were ComputerShare!