The Motley Fool suggested MND was heavily shorted on May 19, with the following paragraph:
"Short sellers hope to profit when share prices fall, by first selling stock at high prices and then buying their positions back at lower prices. And it seems they are banking on bad news for Cochlear Limited (ASX: COH), Monadelphous Group Limited (ASX: MND) and Atlas Iron Limited (ASX: AGO). The three companies are the most shorted stocks on the ASX, according to data from ASIC."
I didn't take very much notice, but did sell a few at $18.80 on May 27. Seems the predictiction of a fall wasn't far off the mark. Wish I'd sold more.
In the latest short sell list from the ASX MND has fallen down the ranking to No 18 out of about 380. If the shorters know what they are doing, it might fall a bit further, but it's approaching a level where I'll buy back thoise I sold.
The Motley Fool suggested MND was heavily shorted on May 19,...
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Last
$12.71 |
Change
0.075(0.59%) |
Mkt cap ! $1.241B | |||
| Open | High | Low | Value | Volume |
| $12.83 | $12.84 | $12.65 | $896.6K | 70.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 1167 | $12.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.71 | 946 | 35 |
View Market Depth
| Last trade - 15.18pm 11/07/2024 (20 minute delay) ? |
| MND (ASX) Chart |