ELD 0.11% $9.24 elders limited

Ann: Change in substantial holding, page-4

  1. 961 Posts.
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    In the week preceding the profit downgrade shorts increased 15.5% to 7.25%. In the four days following the announcement they increased 14% to 8.93%. State Street remain the largest shareholder. This latest notice increases their shareholding from 6.09% to 7.21% for virtually no consideration, majority of transactions being either the Transfer of title or return of securities under a loan arrangement.

    Shorts continuing to increase after the downgrade announcement tells me they are betting on revised guidance not being met.

    https://hotcopper.com.au/data/attachments/5551/5551200-8a8cbdc64d4dbe55a57ebb9b5ac6d57b.jpg
 
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