Short squeeze coming! Such a huge percentage is held by insiders, so a near 5% short could be doubled.
Ive spoken to a broker, I dont think they understand the business and hence the increasing short position. They believe costs and inputs are too high which cancels out NIC profits. But as coal prices ease off and output plus price increases this will, in my humble opinion make NIC a cash cow!
Increase divvy next year by 50-100% and be seen as the 8th biggest producer by mid 2023.
Also short position s are delayed, so I would say it is even higher that it states because its a T + 4 days.
As they cover their positions it will push the price even further up as all good short squeezes do.
Price target $2+ within the next 12 months.
Short squeeze coming! Such a huge percentage is held by...
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Last
82.0¢ |
Change
-0.005(0.61%) |
Mkt cap ! $3.514B | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 84.5¢ | 81.8¢ | $2.873M | 3.469M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 180951 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 105428 | 4 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |