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Yes shorts moving out, stock is still undervalued and oversold.

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yolocambo

381 Posts.

34

11/09/23

10:39

Post #: 69807633
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Originally posted by Boony87: ↑

It sort of works like that but sort of not

From memory back in 2021 in the earnings call they advised that they get to keep interest above 1.5% in the US and in Canada they earn interest when above 0.5%. Most of the jurisdictions work differently.

In FY23 I remember reading in the Feb trading update that they were not permitted to invest in EU Bonds due to the regulator. This has had a drag on float but one would expect that with the remediation now going into embedding stage (EU) and third party assessment (UK) hopefully this would be ok for FY24 and another reason the delayed FY fcast

Something is definitely a-foot here as short interest is now at its lowest level since pre covid (some 11m+ shorts unwound over last week and a half although the below only goes up to 4th Sept which was 7 days post result due to delay so likely number now is back in the 1% mark)

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Yes shorts moving out, stock is still undervalued and oversold.

Last edited by yolocambo: 11/09/23

EML Price at posting: $1.24 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.03		Change 0.015(1.48%)		Mkt cap ! $386.1M

Open	High	Low	Value	Volume
$1.02	$1.04	$1.02	$658.4K	641.2K

Buyers (Bids)

No.	Vol.	Price($)
1	6000	$1.03

Sellers (Offers)

Price($)	Vol.	No.
$1.03	9111	2

View Market Depth

No.	Vol.	Price($)
1	6000	1.025
3	13893	1.020
1	12034	1.015
2	20000	1.010
4	39996	1.005

Price($)	Vol.	No.
1.030	9111	2
1.035	23170	2
1.040	37966	4
1.050	123262	10
1.060	5000	1

Last trade - 16.10pm 10/05/2024 (20 minute delay)


Last $1.03			Change 0.015 ( 1.04 %)
Open	High		Low	Volume
$1.03	$1.03		$1.02	53822
Last updated 15.59pm 10/05/2024 ?

EML (ASX) Chart