DNK 0.00% 31.7¢ danakali limited

If you look at the data used by shortman.com.au and read 0.13%...

  1. 177 Posts.
    lightbulb Created with Sketch. 11

    If you look at the data used by shortman.com.au and read 0.13% short sales, shorting seems to be really low.
    But using all issued shares as a base for this calculation (DNK : 318.741.306 shares) doesn‘t make sense. Those shares are not in trade.


    You better use the daily figures and the calculation looks quite different:

    27.01.2021: 622453 total trades incl. 49793 shares short (8%)

    28.01.2021:311109 total trades incl. 46963 shares short (15%).

    I do not believe, that the normal investor is doing such short trades.



    To be blunt, a situation similar to GameStop, would not be good for DNK.

    All those extremes are dangerous and will never reflect the real worth of a company.

    Last edited by StockExplorer: 29/01/21
 
watchlist Created with Sketch. Add DNK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.