Aug. 13 at 6:39 PM
$APTV I’ve been doing a little more looking into APTV’s nonstop selling and it is a bit unusual. Current institutional ownership is approx 238M (not exact but it should be reasonably close), retail and non-institutional shares have to be 10-20M, insiders own another maybe 2M shares and there are currently 208M shares outstanding. There would have to be 42M(ish) shares short if those numbers are close. Mgt is probably buying
$250M in shares given the drop since earnings (5M shares) and the share price is down almost 20% since earnings and 33M shares have traded since earnings release (obviously, most shares traded are HFT/bots). Unless there are 25M+ shares are being liquidated by institutions, there is a massive setup here.
