I've been watching that. But didn't check it today. That big spike down does indicate a squeeze. The data is lagged but the squeeze is definitely there!
That said I wouldn't be surprised if some short positions are offsetting assets held in NIC. I say this because the for 24months the shorts have largely remained above 3% despite plenty of volatility. So I'm thinking that 3% is almost the floor, the amount of 3% more accurately represents the speculative trades and those most likely to be squeezed.
My 2c. Feel free to disagree.
NIC - General discussion, page-1041
Add NIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
92.0¢ |
Change
-0.005(0.54%) |
Mkt cap ! $3.946B | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 92.5¢ | 90.0¢ | $3.598M | 3.923M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18483 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 15430 | 2 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| NIC (ASX) Chart |