Another poster pointed out that Lynas was suddenly not on the list of shortable stocks. (As of only a few days ago).
Interested that it has not re-appeared, I e-mailed them...
Quote:
I noticed that Lynas (LYC) has recently been removed from this list
http://www.igmarkets.com.au/content/files/List-of-shortable-stocks.pdf
May i ask why.
Endquote:
Dear XXXXXX,
We are no longer offering the option of shorting Lynax as we are not able to borrow it in the underlying market. This can be due to temporary restrictions or due to there not being any brokers willing to lend us the stock.
If you have any further queries please do not hesitate to contact us. Alternatively, please visit our Help and Support section where you can search for frequently asked queries.
Kind regards,
Daniel Donaghy
IG Markets Ltd (Australia) Client Services
IG Markets Ltd | Level 7 |
417 St Kilda Road | Melbourne VIC 3004 |
Australia Freecall: 1800 601 734 |
New Zealand Freecall: 0800 442 150|
Hmm... interesting... Not quite sure what to make of it.
Perhaps the ceiling of available shares for shorting has been hit ?
Any ideas chaps ?
in markets ltd - lyc shorting not available
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Last
$6.29 |
Change
-0.120(1.87%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.34 | $6.27 | $5.205M | 827.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 16128 | $6.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.30 | 13156 | 31 |
View Market Depth
| Last trade - 12.49pm 10/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |