Re daily shorts, someone commented on another thread that the...

First 20309 Last

Share
Profile

Follow
HonyakuKonyaku

662 Posts.

332

12/01/21

19:07

Post #: 50120280
Share

Originally posted by Lenche: ↑

Hello AnneSid,

For all the time I've followed GXY, this is the lowest level of shorting (Oct 2018 I think...). you can see that over the xmas-ny period movement was low, but incrementally a gradual increase is becoming apparent. After looking at the financials over a couple of years, a major positive was zero debt. That too is GXY weakness, no debt and borrowing is so cheap... Why? We could be advanced on SDV much further than we are, and the shorters know that.

I haven't studied PLS & ORE financials to the same degree, but GXY just seems more volatile. ORE was equally shorted for a period there. They however acquired a SBU that was profitable. All GXY has done is sell of part of SDV.

Others here will be able to provide greater insight into what is the likely cause of GXY volatility.

One thing I still don't understand, is the difference between the ASX daily shorts compared with the ShortMan figures. That's why I put that SS together. The values fluctuate, and don't seem to have a direct correlation. One day someone will explain it to me or it will just "click".

All my opinion, and most importantly, DYOR.

L

Expand

Re daily shorts, someone commented on another thread that the daily short figures include short positions being entered and exited, so give no real indication of what the actual percentage of shorted stock is. Apparently there is no alternative but to wait the 4 days for the useful figures to be released by ASIC or Shortman. Galaxy shorts at all time low. A 0.09% increase is tiny.

GXY Price at posting: $2.62 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

STX

Strike Energy secures $153 million for Perth Basin gas projects

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks