Normally market mechanisms and institutional participants generally stabilize these short squeezes very quickly, but is IMU so important for these big insititutions to short at this vigor, you never know AFR ran a hit job few years back on IMU when it all went downhill, with money getting dried up in loan market, many big pockets are looking at alternate avenues to fund their lifestyle and shorting has been an easy way out...
alterate theory If the supply of shortable shares did become tight, short-sellers might face increased borrowing costs, which could lead to short covering and unpopular opinion will PH lend more shares to increase the liquidity again (pun intended )
IMU Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
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