Just reading the West Australia newspaper over here in the west and an article on Chris Ellisons "Mineral Resources" and the high level of shorts at 11%.
I have traded MIN a lot over the years and Chris Ellison is one of the "get things done CEO's". i.e high risk appetite (opposite to DB's low risk appetite)
However the lithium price downturn has changed everything and MIN is under huge shorts attack.
The article says "US hedge funds such as Millennium Management Global Investment and Point 72 are prolific shorters of ASX stocks. Australian based Regal Funds Management is also known for being active on the shorting front."
I often thin a2 is shorted in the mornings and they try to cover that same afternoon.
Have a good weekend.
A2M Price at posting:
$5.31 Sentiment: Hold Disclosure: Held
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