I see that T Rowe Price now owns 17% of IQE, but has lent out 4.75%. The amount it has lent out reduced from 5% to 4.75% on 25 July 2019. see https://www.voxmarkets.co.uk/rns/announcement/6f11c0e6-1401-419b-b9c5-e19356c177fc/
On 24 July, Coltrane Asset Management, L.P. increased its short position from 4.10% to 4.33%.
So will someone who is short be squeezed, as you cannot short a stock unless someone agrees to lend the share?
I read this as T Rowe is a long term holder of IQE, but happy to lend out its shares (for the fees you get for doing so), to allow others to speculate to reduce the share price in the short term.
The IQE share price continues to be a roller coaster in the short term. It reduced to 51.6p on 22 July but then popped back up to 68.5 on 24 July and then reduced to 66.6p on 25 July and dropped today (30 July 15.00 as I write) back to 64.5.
I continue to watch with interest. My previous blog on IQE is here https://www.sharesoc.org/blog/company-news/who-owns-iqe-nominees-and-shareholder-rights-iqe-short-update/
Declaration: I own IQE shares.