SYR is the second most shorted stock on the entire ASX, with a whopping 16.49% of the float short
What do the shorters know that we don't? They must have access to information that would lead them to make this heavy bet against SYR
Could it be because they will not be turning a profit at the current graphite prices?
Could it be because their operations will be loss making?
Could it be because China can undercut them and bring the price of natural graphite down?
Could it be because the world doesn't need natural graphite and could continue using cheaper synthetic graphite?
One must ponder as to the reason why this massive short position of #2 on the entire ASX is SYR
What do the institutions know that retail don't
IMO DYOR
General Discussion, page-860
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Last
35.5¢ |
Change
-0.010(2.74%) |
Mkt cap ! $367.3M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 37.0¢ | 35.0¢ | $2.274M | 6.355M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 189831 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 53310 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SYR (ASX) Chart |