• FMR have added a few shares and have slipped over 15% ownership: 4,719,290 is 15.05% of the outstanding shares (unless the OS have crept up again)
• Baker Bros (new from nowhere 240,167 in Q1) increased to 795,803
• OrbiMed Advisors (new from nowhere) 774,000
• Deutsche Bank stepped up to 370,000 (from 2,450)
• Ayer Capital continue to take the money and run (holding only 277,781 now)
otherwise mostly unchanged, 20M shares in solid hands.
I'm still perplexed why there is continuous (every day) short selling. Again, only yesterday 46.5% of all trades were short sales, of which 19% were shorted above national best bid.
Shorts are either totally suicidal (paying no attention to anything other than charts or whatever policy drives them to short) OR they know something (or are planning something).
This is not the best time to short. A very dangerous game with upcoming Russell, Phase III data and a possible surprise here and there. I will stay long because the potential market is well over a billion......and I believe that Insmed plans to request fast track for "unmet needs."