So now we know where a lot of the shares Tabcorp sold went!
ASIC just published their daily short sales for 22/9 and the percentage of shorts has crashed from 6.08% on 21/9 to 3.53% on 22/9. In other words, shorters chose to buy the stock from Tabcorp (through UBS) to cover their positions. The benefit to the shorters is that they got a better price ($13.52) that they would have if they had to cover on market which would have pushed the price up substantially from the $14.45 it was trading at when this was announced.
Always good to see shorters exiting their positions, although its a shame we couldn't squeeze them on the market...
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- Ann: TAH: Sale of Jumbo shareholding
Ann: TAH: Sale of Jumbo shareholding, page-83
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Last
$16.36 |
Change
0.050(0.31%) |
Mkt cap ! $1.027B |
Open | High | Low | Value | Volume |
$16.35 | $16.39 | $16.26 | $149.3K | 9.146K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 61 | $16.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.37 | 192 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 111 | 16.250 |
3 | 290 | 16.240 |
2 | 180 | 16.230 |
1 | 100 | 16.220 |
3 | 205 | 16.210 |
Price($) | Vol. | No. |
---|---|---|
16.310 | 2154 | 8 |
16.320 | 164 | 6 |
16.330 | 233 | 4 |
16.340 | 178 | 4 |
16.350 | 574 | 3 |
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