MSB 2.29% $1.28 mesoblast limited

There's no evidence of shorting at present. Net short position...

  1. 183 Posts.
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    There's no evidence of shorting at present. Net short position has been almost dead flat since it dipped slightly at the end of June. Gross shorts on a daily basis are insignificant compared with previous bouts of shorting - some days in past 2 weeks less than 20,000 shorted.

    Cost of shorting still too expensive in front of announcements in next two months - at least 15% (or higher) and that's if u can get borrow (some brokers won't offer it).

    MSB is outside the 50 most shorted stocks now, so not a big shorting candidate any longer, but because it is so thinly traded it is quoted as 42 days trading to cover the short position - 19th most dangerous stock for shortens out of nearly 500 followed.

    The problem is lack of buying, with $1.60 the short term resistance - when (if) that breaks it'll be very strong support. Then we've got to breach $1.65 which has been the high of the past 3 months before then taking the next big run.

    The relatively narrow range in the past 3 months of $1.40-$1.65 is bad news for shorts with big funding costs. They aren't adding to positions, and they must be wondering how on earth they'll cover in front of some potentially powerful announcements- this baby's going higher when they finally break!
 
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Last
$1.28
Change
-0.030(2.29%)
Mkt cap ! $1.461B
Open High Low Value Volume
$1.32 $1.35 $1.28 $1.677M 1.289M

Buyers (Bids)

No. Vol. Price($)
10 44452 $1.28
 

Sellers (Offers)

Price($) Vol. No.
$1.29 23596 1
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Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
MSB (ASX) Chart
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