Australia's largest stock trading and investment forum Australia's #1 stock forum

KGN

Click for more information

4.39%

$4.28 kogan.com ltd

KGN might just saw its bottom, page-77

First 77 Last

Share
Profile

Follow
Taxed

4,676 Posts.

875

02/07/21

07:11

Post #: 54225394
Share

Originally posted by Arpeebee: ↑

To enable a better understanding would appreciate your clarification on how you are reading this situation @Taxed.
I have revisited the days to cover and now realise the chart posted is incorrect and therefore assumptions made also incorrect. Apologies.
Many commentators talk to 'Days to Cover' as a one of the parameters in identifying possible 'Short Squeezes'. The problem I had with this is the calculation of average volumes as a basis to determine Days to Cover. Depending on your view you could apply volumes over 10, 20, or 30 days, returning differing results. 61Financial clearly take a longer term view in the figure they report as their data appears more aligned to a 6 months period. I also note that in the latest data (4 June) they report % shorted as 12.01% whereas ASIC short position table has it at 12.03% based on the same number of short positions.

Based upon ASIC data and average daily volume of 10 days this is how the chart looks:

Whatever your view is on this, short positions remain stubbornly high.
This may have a while to play out yet.

Expand

sorry i didnt get a chance to reply to this. I will try to make time today.

KGN Price at posting: $11.45 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 1 more message in this thread...

First 77 Last

Add KGN (ASX) to my watchlist

(20min delay)
Last $4.28		Change 0.180(4.39%)		Mkt cap ! $430.6M

Open	High	Low	Value	Volume
$4.12	$4.32	$4.09	$4.186M	988.1K

Buyers (Bids)

No.	Vol.	Price($)
1	776	$4.27

Sellers (Offers)

Price($)	Vol.	No.
$4.30	3000	1

View Market Depth

No.	Vol.	Price($)
1	776	4.270
3	3261	4.260
2	3261	4.250
4	9261	4.240
2	3261	4.230

Price($)	Vol.	No.
4.300	3000	1
4.310	3283	4
4.320	31486	7
4.330	8137	6
4.340	3426	3

Last trade - 16.10pm 11/07/2024 (20 minute delay)

KGN (ASX) Chart