Utilisation of Twitter stays buoyant
08 January 2013 New York
Image: Shutterstock
Utilisation levels for Twitter remain high after low trading levels in the Christmas month, SunGard reported.
The firm’s Astec Analytics business reported that, with relatively thin trade during what was effectively a holiday week for most, Twitter saw its share price retrace the minor pull-back suffered during the latter sessions of December.
“As utilisation levels for the stock remain high, an increase in demand to borrow as 2014 kicks off has led to a sharp increase in the cost of borrowing, which has tripled since 30 December,” said a statement from the firm.
A tweet on 8 January from BondLend reported seeing Twitter as 90 percent utilised, with fees to borrow dropping again since last week’s rise.
The firm’s Astec Analytics business reported that, with relatively thin trade during what was effectively a holiday week for most, Twitter saw its share price retrace the minor pull-back suffered during the latter sessions of December.
“As utilisation levels for the stock remain high, an increase in demand to borrow as 2014 kicks off has led to a sharp increase in the cost of borrowing, which has tripled since 30 December,” said a statement from the firm.
A tweet on 8 January from BondLend reported seeing Twitter as 90 percent utilised, with fees to borrow dropping again since last week’s rise.
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