PLS 1.31% $3.02 pilbara minerals limited

Good News & Bad News, page-39896

  1. 961 Posts.
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    Latest short positions 27 Feb 21.01%. Days to cover remains steady at 17 days:

    https://hotcopper.com.au/data/attachments/6007/6007184-720c3eac46a35db8e0d4889596e832fa.jpghttps://hotcopper.com.au/data/attachments/6007/6007192-4da0d299f7baf260b69086173106092c.jpg
    Despite a rising short price, short positions remain relatively unchanged.
    Latest reported daily gross short sales reveal shorting continuing:

    https://hotcopper.com.au/data/attachments/6007/6007220-b14f21959195102ea723592d75d1a5d0.jpg

    There have been some great posts on this forum from investors on both sides of the fence with differing sentiment and much discussion on a possible short squeeze. Personally I believe the odds are in favour of holders but the reality is without any knowledge of what the shorters position is we are just speculating on future actions. We may not see a short squeeze until the shorters position becomes untenable.

    What concerns me is the lack of tranparency of the large trades carried out through brokers by institutions, particularly during pre-market and post-market trading. We do not know to what extent shorters are buying back and selling short again. It is useful to look at the register, which reveals 58% of shareholders are institutions. These institutions have been very active in their buying and selling:

    https://hotcopper.com.au/data/attachments/6007/6007395-c93f44653d260765c2e46d780e8afca8.jpg

    Largest shareholder is State Street with 11.1% of the register. This latest Form 604 Notice of change of interests of substantial holder reveals the extent of the lending and return of securities being conducted.
 
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Last
$3.02
Change
-0.040(1.31%)
Mkt cap ! $9.090B
Open High Low Value Volume
$3.08 $3.11 $3.02 $55.82M 18.22M

Buyers (Bids)

No. Vol. Price($)
37 424619 $3.02
 

Sellers (Offers)

Price($) Vol. No.
$3.03 17344 2
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Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
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