After taking a look at the Daily Gross Short Sales report from ASX for 04/05/22, it looks like AVZ had an additional 21.3M shares sold short yesterday. Taking out the number 1 position for the day! Second highest was 12.0M followed by approximately 4M or something. That should provide some context to some of the activity that took place yesterday
https://www.asx.com.au/data/shortsell.txt
Looking at the broader short position on AVZ, Shortman has AVZ pegged at 146.3M shares sold short as at Friday 29/04/22.
Given AVZ was in a TH on Monday / Tuesday, and we know that another 21.3M shares were sold short on Wednesday, that takes us to a total 167,707,312 shares sold short, or 4.75%, which would sit us at roughly number 38 on the list of top shorted companies.
I'm personally looking for the trend line to reverse, which I believe should coincide with our next run. Holding out for common sense to prevail in the meantime.
Happy to accept corrections on the above data if any inaccuracies.
GLTAH
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