FMG 0.56% $23.42 fortescue ltd

super interesting to see short position accumulated growing...

  1. 13,075 Posts.
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    super interesting to see

    short position accumulated growing
    2.273 shorted yesterday as ore goes up again (total traded 10.6M)
    close to 200 now but not quite
    accumulated short total approx $350M now

    like some long short funds in there, but super surprised given the ore price, aud action that the accumulated position is actually growing to approx 350M

    Wouldn't take much imo to drive this back to resent highs of 25 plus, especially considering
    yield which is double digits on screen, an SP vs other single commodity stocks which lower for a far far less DIV
    PE which is 8 ish on screen

    Plenty of fuel in there imo

    Good luck
 
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Last
$23.42
Change
0.130(0.56%)
Mkt cap ! $72.10B
Open High Low Value Volume
$23.45 $23.52 $23.18 $111.4M 4.735M

Buyers (Bids)

No. Vol. Price($)
1 7463 $23.41
 

Sellers (Offers)

Price($) Vol. No.
$23.42 17172 2
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Last trade - 16.10pm 13/06/2024 (20 minute delay) ?
Last
$23.36
  Change
0.130 ( 0.35 %)
Open High Low Volume
$23.44 $23.52 $23.18 1245035
Last updated 15.59pm 13/06/2024 ?
FMG (ASX) Chart
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