GXY
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Hi Bron, I’m still holding tight. 15% of GXY shares shorted....

  1. Gameplanon
    3,941 Posts.
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    30/04/18
    17:42
    Post #: 32776852

    Hi Bron, I’m still holding tight.

    15% of GXY shares shorted.
    That equates to around 61 million shares.
    Let’s assume that all those trades today were shorts covering.(almost 3 million shares traded today)
    That still leaves around 58 million GXY shares shorted.
    58milom x $3.06 = approximately $177 million dollars.
    $177 million minus 6.25% = $11 million wiped off the value of their total short positions. Ouch
    Last edited by Gameplanon: 30/04/18
    GXY Price at posting: $3.06 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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