For those interested, below are the Huon (HUO) and Tassal (TGR) Shortman 12 months charts. The decline in the Huon (HUO) share price over the past 12 months was clearly not influenced by shorting (see shorting graph below).
The chart for Tassal (TGR) below, however, shows a steady increase in shorting since July 2020 to the current second highest level on the ASX. IMO this is an interesting difference in shorting levels between the two companies given the problems facing Huon that have been discussed in various Hot Copper threads.The question at hand is were the Tassal FY2020 results released on 19 August 2020 and subsequent announcements so bad so as to justify a large accumulation of short positions since July 2020 to the second highest level on the ASX? I guess we will find out one way or the other when the half yearly results will be released the week after next.
TGR Price at posting:
$3.39 Sentiment: Buy Disclosure: Held