Interesting to see that 1 million shorts (17.25% of the day’s volume) were opened yesterday on the back of the launch date announcement.
http://www.shortman.com.au/stock?q=sas
Judging by some of the less-than-subtle games, I dare say that they are yet to cover their position. It’s not a position I’d be comfortable holding at the moment.
It’ll be interesting to see if anymore shorts were opened today as well.
There’s a good chance we may see a bit of a short-squeeze tomorrow, as we head into launch day.
I’d hate for the shorts to get caught out in a trading halt if it were the case…