Could TYR be like GME?, page-47

Mate, love the enthusiasm but you are dreaming!

TYR is currently only the 39th highest shorted stock on the ASX with 20m or only 4% of the float shorted (as at 22/1/21). Currently it would take only 5 average days for the shorts to cover.



By comparison, prior to the kerfuffle, on 7/1/21 1.53% of the float was shorted so the increase since is minimal. Whilst data is obviously slightly outdated, it is worth noting on 28/1/21 that only 2.9% or 171k shares were shorted during the day's trading, a sign TYR is no longer a target for shorters.

Take what you will from the above but I do watch the shorts to get an idea of the market sentiment. Notwithstanding this, I doubt that a GME type event will succeed with TYR as simply, the level of shorting is not remotely comparable or enticing.

GME has 69m shares outstanding and prior to the squeeze, 98.5% or 68m were being shorted. DYOR.