Obviously differing opinions!
1. Shorters moving sideways at present down from their Feb.29th peak of 4.68% to 2.46% July 1st per Shortman - approx. halved!
ASX daily data:
Daily Gross Short Sales reported for 27-Jun-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PPTPERPETUAL LIMITEDFPO57,895
Daily Gross Short Sales reported for 28-Jun-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PPTPERPETUAL LIMITEDFPO45,672
Daily Gross Short Sales reported for 01-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PPTPERPETUAL LIMITEDFPO73,562
Daily Gross Short Sales reported for 02-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PPTPERPETUAL LIMITEDFPO167,007
Daily Gross Short Sales reported for 03-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PPTPERPETUAL LIMITEDFPO36,179
Daily Gross Short Sales reported for 04-Jul-2024, ASX Limited (ASX) & Cboe Australia (CXA) 1 PPTPERPETUAL LIMITEDFPO47,972
Quite an uptick in Shorts on July 2nd, we don't know how many hours OR days these Shorts are taken out for?, overall they are diminishing in number with some stayers perhaps thinking they have time on their side until the CAT is out of the BAG come August!?
Presume those that are lending to the Shorters have a positive expectations on the stock they loan?
Will BELL's expectations bring in some buyers in the meantime? will be interesting to see how the daily Shorts pan out between now & PPT's August announcements!?
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