Worth considering the outstanding short positions in terms of average market volume.
BDR - short position = 56.088m, ave mkt volume = c. 4m, short position is equiv to c. 14 days
For KCN it is equivalent to c. 25 days
For RRL it is equiv to c. 18 days
For MML it is equiv to c. 7 days.
Which begs the question as to what level the share prices will be impacted by the closure of all these short positions bearing in mind that other hedge funds, et al, will also be aware of the vulnerability of the shorts to rising bids.
CPDLC
BDR Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
KCN Price at posting:
66.0¢ Sentiment: None Disclosure: Not Held
NST Price at posting:
$1.15 Sentiment: None Disclosure: Not Held
RRL Price at posting:
$1.48 Sentiment: None Disclosure: Not Held
EVN Price at posting:
53.5¢ Sentiment: None Disclosure: Not Held
MML Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
