@pjv Here is my position on the current shorts.
They were opened at .135 when the SP went into distribution mode, the maximum I saw was a little over 50 mill shorted so some has been covered recently. Some financial and banking institutions use them as hedges against long positions and visa-versa.
Obviously many of the larger soph's saw December as a great time to distribute and why not after a fantastic run up from 6 cents. As IMU have no advertised pending announcements due with the IND announcement being delayed it's a great opportunity for the short positions to remain open as I bet they have under .10 cents in mind. It will only be a surprise announcement from management that we're all hoping for that will rock their position.
All that aside, I still regard a less than 1% short position nothing to worry about especially on a stock with such a high SOI. Just a part of doing business when a SP has run so strongly.
Here's a FIB chart demonstrating that there is a lot more scope for retracing, that .61% would be the goal of many.
Just my ramblings.
Cheers.
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@pjv Here is my position on the current shorts.They were opened...
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Last
6.2¢ |
Change
-0.006(8.82%) |
Mkt cap ! $455.6M |
Open | High | Low | Value | Volume |
6.9¢ | 7.1¢ | 6.2¢ | $3.774M | 58.30M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 3402693 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 610000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5471 | 0.064 |
5 | 203786 | 0.063 |
20 | 979406 | 0.062 |
10 | 1452806 | 0.061 |
23 | 4066269 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 634202 | 2 |
0.061 | 210000 | 2 |
0.062 | 1325162 | 7 |
0.063 | 949000 | 3 |
0.064 | 255000 | 4 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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IMU (ASX) Chart |