There has been an increase in the percentage of Citigroup's (C) shares on loan to short investors over the past eight weeks. This morning, the New York financial services giant reported a Q1 loss available to common-share holders of 18c a share, according to Market Watch. This loss 'reflected the reset in January 2009 of the conversion price of the $12.5 billion convertible preferred-stock issued in a private offering in January 2008,' the bank reported.
Between February 27 and March 17 the percentage of the bank on loan went from 2% to 17%. Shares fell from $4 to $1 between February 6 and March 9. However, since then, the price has rebounded up to $4 again, dropping off slightly over the last week.