% of shorts prior to Friday was around 12 to 13% as per other posts. 99m shares in total for Bellamy's does that mean the total number of shares held short have increased from 12 to 14 M.
After a 43% drop that is a big call for a company making profit. Comparing this to Slater & Gordon by others is surely a little silly. Off memory did SGH not report a 900m loss.
Personally if the SP holds reasonably steady for the next few days those that are short may get a bit nervous and close their positions. Why does everyone think shorts have nerves of steel and LTH don't.
BAL Price at posting:
$6.56 Sentiment: Hold Disclosure: Held