In that scenario people who hold the stock already won't be increasing the short as the price goes down - their position would be stable unless they want to decrease the ratio further at whatever the price is.
The other factor is Neuren has 5.5% of stock being short sold is #39 on all short positions on the market. I don't know what the average is of all ASX 200 companies (but it could be worked out) but it seems like 5.5% is above that average by a reasonable amount.
That's why I think that hedging doesn't account for much of the outstanding short position.
Ann: Update - Notification of buy-back - NEU, page-25
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Last
$12.54 |
Change
0.280(2.28%) |
Mkt cap ! $1.559B | |||
| Open | High | Low | Value | Volume |
| $12.52 | $12.73 | $12.26 | $8.152M | 652.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 665 | $12.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.55 | 235 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| NEU (ASX) Chart |