It would be remiss of me not to post an excerpt from buysellsignals' coverage of Lynas from yesterday;
Wednesday, September 18, 2013
Lynas short sell volume in bottom 10% of Australia, increases
Lynas Corporation Limited, Australia's 27th largest materials company by market capitalisation, increased 0.20c (or 0.5%) to close at 41.70c. The current short selling volume of 1,224,972 shares is 0.5 times its own historical average of 0.1%. The short sell percent defined by short selling volume/average daily volume was 0.1 for the day and as per that indicator the stock ranked in the bottom 10% of the Australian market. This is a bullish indicator. Compared with the All Ordinaries Index which fell 14.8 points (or 0.3%) in the day, this represented a relative price increase of 0.8%.
LYC Price at posting:
40.7¢ Sentiment: None Disclosure: Held
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