Despite the recent share price bounce, the percentage of shares shorted has increased to 8.01%!
ORE is now the 19th most heavily shorted company on the asx.
For a company that's decently undervalued according to recent broker reports, it seems a little odd. I guess the recent addition to the asx 200 and the companies comparable 'thin' trading volume has made it an easy target to manipulate.
Looking at how it's trading today shows that the shorting seems to be continuing.
Looking forward to the catalyst that causes these short positions to unwind!
- Forums
- ASX - By Stock
- AKE
- Great to see Orocobre close at $4:00 yesterday
Great to see Orocobre close at $4:00 yesterday, page-9
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online