I am a bit surprised by the short trade, as yielding only about 10c to 15c a share which is quite low actually from a risk reward perspective. Considering a majority is still held in position then some good news could cause a little upside on the share price for the investor.
I noticed the last unwind of major short positions took about 9 months to do and I suspect a few of them lost on those trades too
MLX Price at posting:
88.5¢ Sentiment: Hold Disclosure: Held
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