I don't believe there would be much more stock available to short.
Naked short-selling is pretty much banned on the ASX. Therefore any stock sold short must be as a result of a securities lending agreement of which I can see UBS is the main supplier of MYR stock to companies wishing to short (take a look at the market notifications by UBS).
I bought in to MYR last week for no other reason than a potential takeover. The company is cheap in my opinion, in the absence of a CR being announced I can't see this going down further.
myr vast volume short, page-3
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Last
82.0¢ |
Change
0.005(0.61%) |
Mkt cap ! $682.0M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 79.0¢ | $1.545M | 1.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 722952 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 2440 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |