My information is that there is about 220m open shorts in Fortescue.
So far Fortescue has been rising in line with the iron ore price, with no effect from its strengthening balance sheet. If that effect kicks in, as might be happening now, it will be a case of 'you ain't seen'nuthin yet'.
I think FMG would be about the highest risk short on the board now.
iron ore up again, page-18
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Last
$19.09 |
Change
-0.130(0.68%) |
Mkt cap ! $58.77B | |||
| Open | High | Low | Value | Volume |
| $19.19 | $19.37 | $19.04 | $94.37M | 4.916M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 59011 | $19.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.10 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |