Inmarsat - Re: ISAT Stream Log - Short interest in ISAT is...

Short interest in ISAT is down from 8.29% at the end of Nov to about 4.61% as of yesterday. It suggests the falls that happened in the SP have rewarded the short sellers sufficiently at this stage, the motivation for shorting probably in anticipation of a dividend cut. However, the shares reacted before the event leading to the ridiculous yield of 9% etc. In any event, it looks like the shortsellers packed up their stalls and have started to move on to some other target. At the remaining yield of almost 4% dramatic further drops in SP seem unlikely so could see more short covering now and the SP gradually appreciate a bit and find a medium term level in the absence of any significant news. Agree with Boyobach that it doesn't reflect very well on mgmt that they didn't "see this coming" and continued with a disproportionate interim div. but better late than never.