If shorts are up and SP is up that means they’re consistently losing money and hoping for news to suggest they aren’t doing so well. So in this case banking for 19/02 to be lower than expected profits and lower guidance is how they’ll profit any upside.
Although they do risk a more positive report which will propel the share price and hence they’ll need to exit to cover the short positions adding more fuel to the rocket.
The results could go anyway but previous 2023 guidance suggested single digit growth.. so if we hit double digits this will go ballistic. If indeed it is single digits then business as usual.
A2M Price at posting:
$5.16 Sentiment: Buy Disclosure: Held
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