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Ninja Tuna

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26/02/20

09:19

Post #: 43154259
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Originally posted by GCar: ↑

Updated Shorter chart, including Aggregate short sales (shortman/ASIC data) and Net borrowed shares (ASX data).
ASIC aggregate shorts @ Feb 19th: 82,220,284 units or 20.08%.

AFAIK the aggregate number includes onward lending, so does not really represent the actual amount of shorted shares that need to be re-bought for covering..
The ASX net is more representative, but apparently the reporting is poorly enforced.
The ASX Gross number @ Feb 19th is about 77m (lower image), compared to the ASIC 82m figure, so I suspect that the ACTUAL NET shorts are somewhere between 48.5m (ASX Net figure) and 53.5m (ASX Net figure + 5m).

Note the recent peak in NET borrowed (ASX figure)...

Interesting.

My question/point from the other day still stands: Where were all the "expert" shorters when we were at our peak in Jan 2018? (they were about 7% then btw!). They pile in now, AFTER we've dropped over 75%! Go figure.

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what this is telling us is that certain market participants borrowed a load of shares but actually not shorting them to make it look like shorts are really high thus trying to scare off holders.

again this points to rising share price over the next year.

GXY Price at posting: $1.04 Sentiment: Buy Disclosure: Held
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