CMC not losing money on the trades unless the borrow fee they are charged is greater than the fee they pass on to their customers. As availability tightens, borrow fees get more expensive and the risk of recall increases. It makes sense to turn off the tap before things get out of hand. Looking at the broker share data, CMC is full of churning day traders, so their net borrow requirement may not be all that high, however if they see the net position drifting net shorter, then pulling it back makes sense.
For the first time, Z1P is the most shorted stock on the ASX, page-23
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Last
$1.76 |
Change
0.040(2.33%) |
Mkt cap ! $2.221B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.83 | $1.74 | $30.40M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 66876 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 60000 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |