ALK 3.09% 47.0¢ alkane resources limited

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  1. 5,831 Posts.
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    Looking at the top 100 shorted companies there are a lot of gold miners in the top 100 as at 27 Jan than at 1 July 20 (the second figure is the shorts as at 1 July 2020) when the POG was still heading up). It is clear it is not just ALK that is being targeted. There seems to be a lot more gold sticks being shorted since POG peaked.

    NST - 7.22% - 1.99%
    RSG - 6.79% - 2.68%
    ALK - 5.40% - 0.79%
    BGL - 4.68% - 4.16%
    WAF - 3.67% - 1.45%
    SLR - 3.17% - 1.63%
    RMS - 3.04% - 2.14%
    RRL - 2.78% - 3.09%
    PRU - 2.55% - 0.39%

    Others outside the top 100 are:

    EVN - 0.60% - 2.17%
    NCM - 0.05% - 0.39%
    SBM - 1.11% - 2.32%
    SAR - 1.79% - 2.95%
    SVY - 1.03% - 0.30%

    The history of ALK shorts at beginning of each month is:

    1/5 - 0.21%
    1/6 - 0.21%
    1/7 - 0.79%
    3/8 - 1.71%
    1/9 - 1.93%
    1/10 - 3.60%
    2/11 - 4.11%
    1/12 - 5.69%
    4/1 - 5.38%

    It seems even though ALK shorts increased up to October ALK SP went up a lot from May to mid October. After the announcement on 9 Nov (which I thought was a very positive announcement) the ALK SP fell significantly from $1.38 to $1 within 1 week and shorts increased on 10/11 to 4.98% and then gradually increased to about 5.7% at the end of November and has not changed much since then even though the SP has fallen to about 80c.

    Not sure what to make of all this but it seems ALK is not alone in being targeted..

 
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Last
47.0¢
Change
-0.015(3.09%)
Mkt cap ! $284.3M
Open High Low Value Volume
48.5¢ 49.5¢ 46.8¢ $521.4K 1.094M

Buyers (Bids)

No. Vol. Price($)
2 4298 47.0¢
 

Sellers (Offers)

Price($) Vol. No.
48.0¢ 15475 2
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