AKE 0.00% $9.83 allkem limited

Shorters are still listed at 7.29% of the register or over 15m...

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    Shorters are still listed at 7.29% of the register or over 15m shares. Not as high as Myer at 16% but in dollar terms still a 60m dollar bet. Hasn't changed for some time.

    However this means that the stock still has plenty of short sold stock to unwind. When you consider the run up on 31 October which seemed like a short squeeze but was not followed by a major announcement, it might suggest that 30 November or close to might be interesting if there is an end of month rebalancing for the shorts.

    Regardless, if the SP continues to move like this, that short position has to unwind and could be a real opportunity for Holders in the near term IMO.

    GLTAH.
    Last edited by Pizzas4: 16/11/16
 
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