So the ASIC table below shows that even after the AGM, the shorts were at 58M, they went up, not down. THat correlates with teh increased holdings notices of Mitsubishi etc.
So the shorts were not covered on 19th-20th as we thought they were and there is still more than $800M in value in shorts in play.
The big question is Why??? I believe about 20M shorts are insurance for a correction as they have been there so long, but why the other 30M? Is there a bet on trade with China being impacted for A2? Do people think that A2 is Australian?/
Shorts on A2M, page-29
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12501 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 33092 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |