WBT 0.77% $1.93 weebit nano ltd

Short data on WBT, page-2388

  1. 981 Posts.
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    Buying heavily shorted stocks that exit the 300 has been a very successful strategy for me. Many super funds that allow members to pick their own stocks restrict to top 300, so when a stock exits the 300 the super funds needs to call in shorts so they can rebalance their top 300 holdings. So the shorts cover and then sell, but because they are no longer in the 300 the available shares to short dramatically reduces and the stock can trade "normally" according to its bona fides.

    if you are a super fund offering a top 300 product, you don't care if the stock goes up or down, your job is to match the index. So renting out your shares to short is just extra revenue on top of your job to match the index.

    check out AMI as one example of many. once it left the 300, the shorts dramatically reduced, and the stock doubled over the next 12 months with available shares to short drying up.

    I've found that exiting 200 does not have the same effect because there are still top 300 products on the market.

    Prey for a top 300 exit.
 
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$1.93
Change
-0.015(0.77%)
Mkt cap ! $364.6M
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$1.98 $2.05 $1.93 $1.615M 818.1K

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No. Vol. Price($)
3 6900 $1.93
 

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