All of the pureplay U stocks on the ASX (i.e., PDN and DYL) are getting shorted to around 4-5% of shares on issue, so it seems to be a macro-view on U rather than anything stock specific re SLX that is the likely source of the shorters' thesis.
If you take a look at the most shorted stocks on the ASX, you can see that there are very clear sectoral themes in the shorts, which also include tech stocks without earnings (which is another bucket that we fall into).
I'm not too bothered by what I saw. It takes intellectual diversity to make a market so there will always be views out there that are opposed to our own QED. If that gives you the jitters then you shouldn't be in the sharemarket.
All of the pureplay U stocks on the ASX (i.e., PDN and DYL) are...
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Last
$4.67 |
Change
-0.080(1.68%) |
Mkt cap ! $1.105B | |||
| Open | High | Low | Value | Volume |
| $4.70 | $4.75 | $4.62 | $2.189M | 467.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15130 | $4.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.69 | 561 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$4.69 |
Change
-0.080 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $4.72 | $4.75 | $4.63 | 118837 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| SLX (ASX) Chart |