BRN: Short squeeze coming - highest likelihood in all ASX

BRN has the highest likelihood of experiencing a short squeeze for shorters in all ASX. It is highly probable now that the shorters will go into a short squeeze and the sp will go up significantly IMO according to data from Fintel. According to Fintel's data, BRN has the highest likelihood of experiencing a short squeeze for shorters in all ASX.

What is Short Squeeze? The global firm FINTEL explains it on its web site."A Short Squeeze is when a company with a high degree of short interest increases in price, which forces short sellers to "cover" their short interest by purchasing actual shares, which in turn drives the price up even further".

Here is the ASX short squeeze list of Fintel;



IMU (ranked second) already had their short squeeze - 4c to 15c

If BRN follow the same pattern, we can see the shorts being squeezed 300% to 500%. Time will tell.

Buyers now outnumber sellers 3:1



These are the funds shorting BRN;



Charts showing potential break of downtrend;



I've been bearish on BRN on the past.

But for the first time in 3 years, the chart is showing a decent break of the 3 year downtrend.

DYOR. Not investment advice.