The chart below clearly shows that usually the FMG stock has ~0.5% shorters or ~15mln shares are shorted.
Near the current ex-dividend date (6 September) the number of short positions have increased dramatically
26 August 2021 33,249,509
27 August 2021 34,475,151
30 August 2021 37,854,841
1 September 2021 48,630,660
2 September 2021 51,713,874
3 September 2021 54,907,289
6 September 2021 +9,368,494
7 September 2021 +4,623,804
8 September 2021 +3,618,536
so in total ~72.5mln instead of "standard" 15mln.
In relation to these figures, there are a few comments
- there was not a very smart decision to open short position on the ex-dividend day, my experience shows that it should be done at least one day before for stocks with FF dividends
- a number of shorters have been increased just before ex-dividend date in hope that the stock will repeat its behavior seen on the previous 2 ex-dividend dates, but it is obvious that if IOP will stabilize at ~US$130 then there is no way that the SP will continue its fall down.
- based on the above mentioned figures of not loosing their money ~57.5 mln shorters will need to close their positions or pushing SP higher
- it seems that the SP has found its floor between $18.60-$19, also there is a good sign of decreasing the trading volume today
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Last
$25.59 |
Change
0.830(3.35%) |
Mkt cap ! $78.79B |
Open | High | Low | Value | Volume |
$25.09 | $25.59 | $24.82 | $182.9M | 7.212M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | $25.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$25.59 | 108 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 25.550 |
1 | 10000 | 25.500 |
1 | 2000 | 25.480 |
1 | 29494 | 25.440 |
3 | 7570 | 25.430 |
Price($) | Vol. | No. |
---|---|---|
25.590 | 108 | 1 |
25.600 | 4796 | 6 |
25.610 | 11038 | 2 |
25.640 | 11038 | 1 |
25.650 | 1520 | 3 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$25.53 |
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Change
0.830 ( 2.88 %) |
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Open | High | Low | Volume | ||
$25.05 | $25.58 | $24.83 | 1579176 | ||
Last updated 15.59pm 26/04/2024 ? |
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FMG (ASX) Chart |