The only realistic way shorters can cover a large amount of stock us to buy from the index funds who will leave at the rebalance date
The index funds are the holders who have lent them the stock, so a deal will have to struck to return and buy shares at the same time
The real risk for shorters will be other buyers coming into the fray at the rebalance date and begin competing for the index fund shares
We may have seen just the first signs of this yesterday
The annual report has enough lollies in it to stir up the honey pot
Running discussion on SP, page-8684
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$2.22 |
Change
0.130(6.22%) |
Mkt cap ! $421.5M | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.28 | $2.13 | $2.145M | 975.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13545 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 32433 | 2 |
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