FMG 1.26% $18.75 fortescue ltd

Bungi2 Cogratulations on a great FMG graph of shorts and share...

  1. 12 Posts.
    Bungi2 Cogratulations on a great FMG graph of shorts and share price.
    I note that on 13 Oct there were 58M shares shorted which is 1.85% of FMG shares which is about the same number when
    FMG bottomed at $3.95 on 4 October.
    The rapid recovery in FMG's share price to $5 0n 10 Oct.
    does not seem to have inspired much short covering.
    Why ?
 
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