1st FEB 2021: Webjet Limited (ASX: WEB) continues to be the most shorted ASX share with short interest of 14.2%. This was down from 14.9% a week earlier.
15th FEB 2021: Webjet Limited (ASX: WEB) remains the most shorted share on the ASX but only just. This week the online travel agent’s short interest has fallen by 200 basis points to 12.5%. Some short sellers may have been locking in returns after a recent and sharp pullback in the Webjet share price.
1st MARCH 2021: Webjet Limited (ASX: WEB) 2nd most shorted share, has seen its short interest ease to 12%. With vaccines rolling out across the country, short sellers may believe the worst is now behind this online travel agent.
SEE THE PATTERN PEOPLE?
Shorters closing position, vaccines rolling out, web jet blasting off from here!
WEB Price at posting:
$5.73 Sentiment: Buy Disclosure: Held
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