https://www.shortman.com.au/stock?q=MIN
Couple of facts regarding shorting activity between 12th & 14th of November, which successfully drove the MIN share price down 10%.
Open price Monday was $15.00, COB Wednesday was $13.51.
Short positions grew from 3.7% to 4.2% or from 7M to 7.9M shares.
Volume in that period was 4M shares. Shorter's accounted for 1.55M of that volume or 39%.
The shorts successfully forced the share price to retreat due to over supply.
Of that volume around 20% is EOD cross trades at 4:10pm, which creates the impression of liquidity.
At the end of this process the shorts position upper limit has effectively been reached again. (3 month high is 4.3%)
Furthermore, yesterdays liquidity was down at 680K, including EOD cross trades and today looks to be the same. So it is fair to assume they have flushed out the weak hands and liquidity will remain tight at these bargain basement prices. DYOR as always.
MIN Short Perspective
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 (20min delay)
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Last
$49.14 |
Change
6.010(13.9%) |
Mkt cap ! $9.656B | |||
| Open | High | Low | Value | Volume |
| $46.71 | $49.23 | $45.55 | $170.1M | 3.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $49.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $49.16 | 3984 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |