And the futures are coming in red as per usual. FMG has been holding up surprisingly well but i think it could be in for a sub $4 close.
A large chunk of the short positions have closed in the last couple days. Down to 0.17% of total shares shorted as of yesterday compared to about 0.5% last week.
Dont think much can be read from that though, id say just shorters taking some profit of the table. I think this is actually a worrying sign because there is now a bunch of shorters on the sidelines that might be getting ready for another push seeing as the IO price is still in free fall
Iron ore price, page-14
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Last
$16.10 |
Change
-0.035(0.22%) |
Mkt cap ! $49.47B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $94.99M | 5.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 11269 | $16.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.10 | 5236 | 29 |
View Market Depth
| Last trade - 15.02pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |