With no clear signs that WarrenBuffett has exited BYD, other theories are starting to make the rounds. Maybe the 91-year-old billionaire is lending shares to short sellers for extra income. Moneyweb Buffetts FuelsTrader
What is Warren Buffett doing with Berkshire Hathaway Inc.’s $8 billion stake in BYD Co.? The question is still swirling across trading desks more than a week after a BYD position matching the size of Berkshire’s appeared in Hong Kong’s stock-market clearing system. While traders initially assumed Buffett was preparing to dump his stake in the high-flying Chinese electric car giant, now they’re not so sure.
While short interest in BYD was near the highest in two months as of Tuesday, it still only accounted for 1.3% of the free-floating shares in Hong Kong, IHS Markit data showed. That’s a far cry from the all-time high of more than 20% in 2010. Future sale Other observers say the most likely scenario remains that Berkshire is laying the groundwork for its exit from BYD.
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