<< You're numbers are flawed, based on short number on 10/01. >>
Not necessarily, assuming the Mutual Funds are the ones loaning the shares for shorting, and they are sold to other Mutual Funds. No matter what the short interest is, Stock ownership has to total at least 100%. That does raise the interesting question someone asked the other day about who gets to vote the shares in that case. I don't have an answer to that one.