Im not sure about that
@dollar and I wouldn’t worry too much about shorting...I can’t find anything in asx’s daily list or shortman side ...
But I had a look @ buysellsignals and funny they had this in their report yesterday
Short Selling
In the Australian Short Selling market of 967 stocks, short selling (on ASX and CHI-X) as a % of issued shares ranked 53rd and within the top quartile of stocks, a bearish indicator.
The current short volume is 5.3 times its own historical average of 0.02%.
I emailed them but had no response yet , will let you know if they contact me ..
Some other interest points from buysellsignals :
Short-Term Technical Ranking: 4 out of 5 [5 is best]
Its short term falls have been combined with weak volume resulting in weak momentum falls over 5 and 30 days. Significantly its price of 3.80c is at a premium of 14% to its 200- day moving average price of 3.32c. Its 52-week range has been 5.80c to 0.88c; it is trading at a discount of 34.5 % to its 52-week high and a premium of 331.8 % to its 52-week low. AUD1,000 invested exactly one year ago is now worth $A1,348 of which $A348 is a capital gain.
Recommended stop loss: 3.52c
Stocks are scored on a set of technical parameters reflecting price performance, overbought/ oversold levels and trading volumes. They are ranked according to the bullish/bearish values of those parameters. The highest ranking is 5 and the lowest ranking is 1.
Uptrend
Price/Moving Average Price of 1.14:
• The price to 200-day MAP ratio is 1.14, a bullish indicator. In the past 200 days this ratio has exceeded 1.14, 101 times suggesting further upside. The 50-day MAP of 4.14c is higher than the 200-day MAP of 3.32c, another bullish indicator.
Undervaluation
Price to Book of 0.9 < Sector average of 3.2:
• The Price to Book of 0.9 is lower than average of 3.2 for the Materials sector and 3.2 for the Total Australian Market.
MCap/Total Assets:
• Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.8. Compared with the rest of the market the stock is undervalued.
Oversold/Bullish/Support Signals:
• At 3.80c the price is below the lower Bollinger band support of 3.81c, indicating an upside for it to return to the band.
• The Relative Strength Index (RSI) of 26.7 has breached the oversold line of 30, suggesting the price decrease of 9.5% in the
last 14 days is unusually high.
• The Money Flow Index [MFI] is 12.1 suggesting an oversold 14-day trend, being under 20. The Money Ratio of 0.1 suggests
positive money flow was 0.1 times negative money flow.
Description Value Rank
Price to Book Value 0.9 In Top 19%
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