General comments/chat, page-27993

These figures won't be 100% spot on, but just to assist. In the first bout of short selling which went from mid-March until 6-8th July, there were just over 81.5million shares shorted, at an average price of 23.6c assuming shorts were at VWAP each day. As you all know, the shorts collapsed from 81.8m on 6th July to 20.4million on 9th July. So the short profits were approximately 8c a share (they covered probs at 15.5c average) x 61.4 million shares = $4.9million or so.

From 9th July, the short has built from 20.4million to 49million a few days ago. Using VWAP as the guide, the folks who have shorted since July have done so at a net price of 15.7c. If you go to mid August, there were a few days of guys buying back >3million shorts in a day at >18c. When you add in long standing shorts who are in at >23c - people do keep "long term" positions in shorts - check out Inghams, Webjet etc - the the average entry for ALL shorts, on my estimation, is around 19c.

Some of the recent short sellers in September will be doing their arse. From 10th to month end, the position built from 30.6 to 51million short with only 2 days of reduction. Average price: 15c. So these blokes (females wouldn't be so stupid) are now 33%ish or $1million down. Not gigantic in the scheme of things but the last day or two will see a few blokes with triggered stops & reducing.

With the shares now marginally above the 19c estimate of all shorts & approaching 35% above the recent mob, things may get very interesting if there are near term announcements. BTW there were never >1,000,000 shares short until the Friday preceding the index inclusion on 22 March 2021.

Please be aware I have tried to take account of shorts covering back (BTW, since July their net loss on covers is ~1c a share) but there is now way these numbers will be 100% accurate, but they are a guide. DYOR, all care no responsibility.