just couple things to note regarding the uplift in shorts. Aside from the collapse in sentiment for Li sector, looks like the spike roughly coincides with timing of the placement ( fast money funds sometimes hedge their allocation prior to allotment) . Also if you look at pre mkt trades there has been an uplift in volume crossed pre mkt with PMET typically trading slight premium vs. PMT. Suggests AU funds may be arbing the differential or just looking for execution alpha in PMT via the fungible Canadian line which may be adding to the demand for borrow.
Would make sense considering the geography of share ownership structure
With the PMT AU dominant volume and price discovery trading instrument one catalyst to keep an eye on is if AU line begins to trend premium vs. PMET
just couple things to note regarding the uplift in shorts. Aside...
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Last
46.5¢ |
Change
-0.015(3.13%) |
Mkt cap ! $289.7M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 48.0¢ | 46.0¢ | $968.1K | 2.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 51734 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 35413 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| PMT (ASX) Chart |