British Airways (BAIRY.PK) lost £401m last year. The market expects further bad news this week and the price has fallen sharply in recent days. The short base has been rising steadily over the past 3 months; after a pull back in the past couple of weeks it has ticked up to around 16%, close to its all time high of 17.4%. 53% of the available lending inventory is currently out on loan.
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