Very heavy short selling on the ASX since the release of the FY results. http://www.shortman.com.au/stock?q=gem Too early to see the impact with CHI-X. But I suspect tomorrow’s update on Shortman will show a significant increase in total capital shorted.
My theory is the shorters will start releasing negative broker reports, negative newspaper articles and negative posts on Hotcopper.
I considered the FY16 performance was mediocre but not that bad to justify the heavy selling; other than to scare the herd into selling.
I will be holding and collecting my dividends.
Very heavy short selling on the ASX since the release of the FY...
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Last
$1.17 |
Change
0.010(0.86%) |
Mkt cap ! $902.7M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.17 | $1.15 | $4.420M | 3.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 149521 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 100276 | 6 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| GEM (ASX) Chart |