"Congo is a shorters wet dream"
What a ridiculous statement. Any overpriced stock is a shorters wet dream.
Not so long ago when LTR sp was near $2, short position was over 4%. It's only covered now to be below 1%. PLS short position has increased from less than 1% 3 months ago to nearly 2% now. AVZ short position increased from 0.51% a week ago to nearly x3 that now.
Obviously, geographic jurisdiction has little to do with shorting. It's the SP that's viewed as overprice.
ASX Today, page-15136
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Last
78.0¢ |
Change
-0.020(2.50%) |
Mkt cap ! $1.891B | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 81.5¢ | 77.5¢ | $7.861M | 9.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54923 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 25000 | 2 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |