ARU

2.94%

16.5¢ arafura rare earths ltd

Short Sales - Here is the latest look through, page-214

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thewhitekiwi

439 Posts.

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28/09/23

08:05

Post #: 70065029
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Originally posted by danhold: ↑

there are many hundreds of counters
ARU is ranked around 400
Investment vehicles are not compelled to buy shares in this company it’s too small and too speculative.
if u look at the concentration of shareholders only 3 percent of the 30,000 hold 100,000 or more shares.
Therefore if there’s 5 percent shorts out of 200m shares in circulation it’s 10 m shares.
Shorters have control when they are selling because they can keep selling till the price falls and with the ability to borrow shares one can dictate terms.
Having achieved a weaken share price they now need to buy back at lower levels but the volume isn’t there.
The daily turn over is 3 m shares most of the trades are probably
one arm selling to the other I’ve observed over the past 7 days it’s certainly like that on the opening and the close.
My guess is of the 3 m shares traded the short sellers would be lucky to pick up 5 percent of the stock per day.That’s 150,000 shares.
The part where it’s collusive is that each marks out their territory if another player (JP Morgan) wants to play in the
ARU stock he call up and say “ I’m having a lash here”.
The reply generally is “ give us a day or 2 to get our shorts back” So in summary I think the stock is thinly traded and the shorters can’t cover easily - That’s my honest opinion hope it helps u sleep better

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Thanks! Interesting....

If this is the case and the stock is so thinly traded.....and the shorter's continue to "dig their hole deeper" .....one of these days when the macro finally does turn and / or we get a good announcement....then yes indeed we should see a good reversal... just got to hope the macro doesn't give them their coverage on a plate...

Cheers

ARU Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 16.5¢		Change -0.005(2.94%)		Mkt cap ! $395.8M

Open	High	Low	Value	Volume
17.0¢	17.0¢	16.0¢	$1.063M	6.400M

Buyers (Bids)

No.	Vol.	Price($)
1	24995	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	448096	11

View Market Depth

No.	Vol.	Price($)
1	24995	0.165
90	3833041	0.160
49	3703332	0.155
61	3809827	0.150
23	1341287	0.145

Price($)	Vol.	No.
0.170	423096	9
0.175	839340	14
0.180	1897536	25
0.185	1030485	18
0.190	1152921	20

Last trade - 16.10pm 02/08/2024 (20 minute delay)

ARU (ASX) Chart

Short Sales - Here is the latest look through, page-214

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Buyers (Bids)

Sellers (Offers)

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Short Sales - Here is the latest look through, page-214

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News