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
$26.32 |
Change
0.660(2.57%) |
Mkt cap ! $81.03B |
Open | High | Low | Value | Volume |
$25.92 | $26.32 | $25.83 | $102.7M | 3.931M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5850 | $26.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.32 | 12010 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5850 | 26.220 |
1 | 1000 | 26.190 |
1 | 490 | 26.150 |
2 | 10729 | 26.140 |
1 | 30059 | 26.120 |
Price($) | Vol. | No. |
---|---|---|
26.320 | 12010 | 3 |
26.330 | 1400 | 2 |
26.340 | 1000 | 1 |
26.350 | 11319 | 3 |
26.360 | 10000 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$26.19 |
  |
Change
0.660 ( 1.76 %) |
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Open | High | Low | Volume | ||
$25.92 | $26.29 | $25.84 | 1287651 | ||
Last updated 15.59pm 06/05/2024 ? |
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FMG (ASX) Chart |
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