BOQ is now 7th most shorted stock on the ASX. Up by 5% in one month. However, as we both know, that doesn't necessarily mean someone knows something. It could just be because they can.
Remember ING. At around 3.00 20% of the stock was shorted. Well it's at 3.20 odd now and shorts have been closing and are down by 7%.
So back to BOQ. I am not afraid to bet against the shorters LT. In the ST though, they can take the SP pretty much wherever they want. So how low can it go. I would be keen to grab some near the bottom...
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