To the CIOs out there:
The short interest in NCK is ~3.6 million shares.
The average daily turnover in NCK is ~153,000 share.
At 30% volume, the bears can cover 45,900 shares per day.
It will take you 78 trading days or almost 4 months to cover.
You can easily argue that the pessimism is well and truly in the NCK share price, and that second-order thinking would suggest a different investing position.
If you have an analyst that is a bear and ignores liquidity or "gap" risk upwards, you need to fire them now before they blow up your portfolio and/or firm.
What Buffett pays for furniture businesses, page-30
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Last
$15.27 |
Change
-0.080(0.52%) |
Mkt cap ! $1.301B | |||
| Open | High | Low | Value | Volume |
| $15.36 | $15.49 | $15.27 | $1.518M | 98.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 946 | $15.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.33 | 92 | 2 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| NCK (ASX) Chart |