BRU 2.08% 9.4¢ buru energy limited

chart update, page-19

  1. 698 Posts.
    Thanks for that Nooks

    "=119% of stock available for shorting (not sure how this can be >100% but anyway...)"

    What this possibly means is that some of the short positions are actually uncovered shorts used in market making, or it could mean there is a data integrity issue.

    In addition, I understand the reporting of stock lending is currently not reliable. From memory, I read somewhere that it is voluntary, or is not enforceable in some instances. I also read that the RBA/ASX is looking into the issue of borrowing/lending to try to make the reporting more reliable.

    But the fact that the figure sits at 119% very likely means that there is currently very little stock available for shorting, and unless this changes substantially we will not see any further dramatic short moves, or at least we will only see dramatic short-covering moves.
 
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