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Post by mnholdem on Oct 22, 2015 8:32:29 GMT -5
Morningstar just updated several accounts on October 20, 2015. It looks like there's been some interesting movement.
Owners Activity (MNKD)
| INSTITUTIONS | | FUNDS | |
| Current
| % Chg from Prev Qtr
| Current
| % Chg from Prev Qtr
| Total Owners | 249 | 10.67 | 208 | 6.12 | New Owners | 41 | 32.26 | 18 | -10.00 | Sold Out | 22 | -21.43 | 10 | -23.08 | # of Owners Buying | 85 | 14.86 | 55 | -3.51 | # of Owners Selling | 51 | -3.77 | 37 | 19.35 | Total Shares Owned (Mil) | 108 | 8.15 | 62 | 6.49 | Total Shares Bought (Mil) | 16 | 40.86 | 1 | -41.44 | Total Shares Sold (Mil) | 8 | 13.92 | 2 | -25.05 | Net Share Change (Mil) | 8 | 81.68 | -1 | 35.18 |
Source: investors.morningstar.com/ownership/shareholders-overview.html?t=MNKD®ion=USA
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Post by jbe on Oct 22, 2015 8:53:59 GMT -5
Positive: both institutions and funds are buying more than selling
Negative: with all the buying, how does the price per share manage to go down?
Overall, this is a net positive to me, as I assume these folks know more about what is going on than I do.
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Post by mnholdem on Oct 22, 2015 9:35:21 GMT -5
jbe,
Actually I think that the number of funds buying is higher than the number of funds selling but these various funds sold 2M shares vs buying only 1M - see Net Share Change (Mil).
I view this report as a net positive also, but you can see the power of the fund managers. It appears that they currently own 62M shares to the Institutions' 108M shares.
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Post by Actual Investor on Oct 22, 2015 10:44:41 GMT -5
Morningstar just updated several accounts on October 20, 2015. It looks like there's been some interesting movement.
Owners Activity (MNKD)
| INSTITUTIONS | | FUNDS | |
| Current
| % Chg from Prev Qtr
| Current
| % Chg from Prev Qtr
| Total Owners | 249 | 10.67 | 208 | 6.12 | New Owners | 41 | 32.26 | 18 | -10.00 | Sold Out | 22 | -21.43 | 10 | -23.08 | # of Owners Buying | 85 | 14.86 | 55 | -3.51 | # of Owners Selling | 51 | -3.77 | 37 | 19.35 | Total Shares Owned (Mil) | 108 | 8.15 | 62 | 6.49 | Total Shares Bought (Mil) | 16 | 40.86 | 1 | -41.44 | Total Shares Sold (Mil) | 8 | 13.92 | 2 | -25.05 | Net Share Change (Mil) | 8 | 81.68 | -1 | 35.18 |
Source: investors.morningstar.com/ownership/shareholders-overview.html?t=MNKD®ion=USA
Just musing on share counts before coffee:
Institutions 108,000,000 Funds 62,000,000 Al Mann 140,000,000 Short Interest 124,000,000 BofA 9,000,000 Retail Investors ~20,000,000?
If you ignore any Retail Shares that accounts for 443,000,000 out of 416,000,000. (Sarcasm Intended) It appears to me that there are a lot of Phantom Shares out there.
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Post by jbe on Oct 22, 2015 10:51:01 GMT -5
Good catch about the funds, but still, overall, 7 million more shares were bought than sold, and yet the pps slid down...
Defies logic, more shares bought should mean price should go up, but I hope this means there is potential upward energy coiling up that will eventually surprise us.
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Post by ezrasfund on Oct 22, 2015 10:53:20 GMT -5
Morningstar just updated several accounts on October 20, 2015. It looks like there's been some interesting movement.
Owners Activity (MNKD)
| INSTITUTIONS | | FUNDS | |
| Current
| % Chg from Prev Qtr
| Current
| % Chg from Prev Qtr
| Total Owners | 249 | 10.67 | 208 | 6.12 | New Owners | 41 | 32.26 | 18 | -10.00 | Sold Out | 22 | -21.43 | 10 | -23.08 | # of Owners Buying | 85 | 14.86 | 55 | -3.51 | # of Owners Selling | 51 | -3.77 | 37 | 19.35 | Total Shares Owned (Mil) | 108 | 8.15 | 62 | 6.49 | Total Shares Bought (Mil) | 16 | 40.86 | 1 | -41.44 | Total Shares Sold (Mil) | 8 | 13.92 | 2 | -25.05 | Net Share Change (Mil) | 8 | 81.68 | -1 | 35.18 |
Source: investors.morningstar.com/ownership/shareholders-overview.html?t=MNKD®ion=USA
Just musing on share counts before coffee:
Institutions 108,000,000 Funds 62,000,000 Al Mann 140,000,000 Short Interest 124,000,000 BofA 9,000,000 Retail Investors ~20,000,000?
If you ignore any Retail Shares that accounts for 443,000,000 out of 416,000,000. (Sarcasm Intended) It appears to me that there are a lot of Phantom Shares out there.
Guess again? First you need to account for the 416,000,000 shares outstanding. Then add another 124,000,000 shares that were borrowed and sold. So shareholders think they own a total of 540,000,000 shares, and shorts owe a total of 124,000,000 to get to our actual shares outstanding. |
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Post by peppy on Oct 22, 2015 10:55:07 GMT -5
Morningstar just updated several accounts on October 20, 2015. It looks like there's been some interesting movement.
Owners Activity (MNKD)
| INSTITUTIONS | | FUNDS | |
| Current
| % Chg from Prev Qtr
| Current
| % Chg from Prev Qtr
| Total Owners | 249 | 10.67 | 208 | 6.12 | New Owners | 41 | 32.26 | 18 | -10.00 | Sold Out | 22 | -21.43 | 10 | -23.08 | # of Owners Buying | 85 | 14.86 | 55 | -3.51 | # of Owners Selling | 51 | -3.77 | 37 | 19.35 | Total Shares Owned (Mil) | 108 | 8.15 | 62 | 6.49 | Total Shares Bought (Mil) | 16 | 40.86 | 1 | -41.44 | Total Shares Sold (Mil) | 8 | 13.92 | 2 | -25.05 | Net Share Change (Mil) | 8 | 81.68 | -1 | 35.18 |
Source: investors.morningstar.com/ownership/shareholders-overview.html?t=MNKD®ion=USA
Just musing on share counts before coffee:
Institutions 108,000,000 Funds 62,000,000 Al Mann 140,000,000 Short Interest 124,000,000 BofA 9,000,000 Retail Investors ~20,000,000?
If you ignore any Retail Shares that accounts for 443,000,000 out of 416,000,000. (Sarcasm Intended) It appears to me that there are a lot of Phantom Shares out there.
I agree. Thinking this through, when someone buys a put, the CME shorts some shares? when someone buys a call, the CME buys shares? plenty of options written on MNKD. options, are a thread on this board often. screencast.com/t/dsCkGAnw screencast.com/t/oRW0HhYQunu screencast.com/t/zNdz8WAb
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Post by mnholdem on Oct 22, 2015 11:04:38 GMT -5
I don't understand your math (above). BofA shares are/were institutional, so aren't you adding them again? Same with SI, which can be borrowed by any of these groups.
On my napkin, I would simply add:
Tutes 108M
Funds 62M
Mann 140M
===========
Total 310M of 416M outstanding, leaving 106M retail shares.
The 124M short interest can be any combination of 'tutes, funds and retail. If you subtract out the number of retail shares held long (who won't sell) you quickly realize that there aren't enough retail shares for shorts to cover. They will be at the mercy of the fund managers when the time comes to bail.
THOUGHT: Christmas bonus time is fast approaching and fund managers who hold long shares have access to HFT computers the same as short interest managers do. Perhaps the inter-day volatility we're beginning to see is the beginning of a rally attempted by some long funds? |
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Post by peppy on Oct 22, 2015 11:13:20 GMT -5
are there 540 million shares outstanding or 416 million shares outstanding?
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kyle
Newbie
Posts: 14 
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Post by kyle on Oct 22, 2015 11:14:40 GMT -5
416 million outstanding...the 124 million short shares can not be added to this as they are owed and not owned.
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Post by mnholdem on Oct 22, 2015 11:21:35 GMT -5
are there 540 million shares outstanding or 416 million shares outstanding? MNKD Share Statistics
Avg Vol (3 month): 5,004,340
Avg Vol (10 day): 4,512,980
Shares Outstanding: 414.76M
Float: 267.58M
% Held by Insiders: 39.23%
% Held by Institutions: 22.10%
Shares Short (as of Sep 30, 2015): 126.84M
Short Ratio (as of Sep 30, 2015): 29.13
Short % of Float (as of Sep 30, 2015): 49.46%
Shares Short (prior month): 126.66M
Source: finance.yahoo.com/q/ks?s=MNKD
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Post by peppy on Oct 22, 2015 11:22:41 GMT -5
it is confusing me.
416 million shares outstanding, and the 124 million short shares are in addition to this number?
I did not realize, counts worked like that.
-----------------------------------------------------------------------------------------------
As of August 7, 2015, we had 414,033,866 shares of common stock outstanding. Substantially all of these shares are available for public sale, subject in some cases to volume and other limitations or delivery of a prospectus. If our common stockholders sell substantial amounts of common stock in the public market, or the market perceives that such sales may occur, the market price of our common stock and other securities may decline. Likewise the issuance of additional shares of our common stock upon the exchange or conversion of some or all of our 2015 notes or 2018 notes, or upon the exercise of some or all of the warrants we issued in February 2012, could adversely affect the market price of our common stock and other securities. In addition, the existence of these notes and warrants may encourage short selling of our common stock by market participants, which could adversely affect the market price of our common stock and other securities.
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Post by patryn on Oct 22, 2015 11:39:31 GMT -5
it is confusing me. 416 million shares outstanding, and the 124 million short shares are in addition to this number? I did not realize, counts worked like that. ----------------------------------------------------------------------------------------------- There are only 416 million shares. The 124 million is being added by some people to the float for the purposes of understanding how many shares are out there that need to be bought at some point, but they are not actually part of the outstanding share count. The entities that loaned the 124 million shares being shorted don't actually own those shares anymore, the new entity that bought them does. Easiest way to understand this is that during the annual meeting there will be 416 million shares that get votes. Those are real shares that are owned by entities, not phantom shares that are being lent out. |
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Post by peppy on Oct 22, 2015 11:54:12 GMT -5
it is confusing me. 416 million shares outstanding, and the 124 million short shares are in addition to this number? I did not realize, counts worked like that. ----------------------------------------------------------------------------------------------- There are only 416 million shares. The 124 million is being added by some people to the float for the purposes of understanding how many shares are out there that need to be bought at some point, but they are not actually part of the outstanding share count. The entities that loaned the 124 million shares being shorted don't actually own those shares anymore, the new entity that bought them does. Easiest way to understand this is that during the annual meeting there will be 416 million shares that get votes. Those are real shares that are owned by entities, not phantom shares that are being lent out. just when I think I understand how many shares there are outstanding. Easiest way to understand this is that during the annual meeting there will be 416 million shares that get votes. Those are real shares that are owned by entities, not phantom shares that are being lent out.
What the heck are phantom shares? I have been around the market a fair share. I have never heard of phantom shares? I know during the financial melt down of 2007-2008, there was more shorting then should have been allowed. A short is a short on real shares. you really borrow them and short them. so they are owned long by the person borrowed from and short by the borrower. oh, the phantom shares, owned both ways?
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Post by Actual Investor on Oct 22, 2015 12:48:11 GMT -5
The only point I was trying to make is that there are more shares floating around in the market than actually exist because of the Naked Shorting that is being used to manipulate the share price. That is why there is a large failure to deliver. Phantom Shares = Shares sold short that have not been borrowed. |
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