MTS 0.56% $3.58 metcash limited

Short Squeeze - Phase 2, page-29

  1. 5,420 Posts.
    lightbulb Created with Sketch. 298
    Can anyone try to explain to me why MTS is consistently the most (or at least top 3) shorted ASX stock?
    I understand the headwinds etc, but the debt is reducing at the moment to very manageable levels and its clearly a profitable business. Surely with the huge numbers of shorts, they would be worried about the effect when other shorts decide to close?!

    To me its a double edge sword - in one breath it worries me (what am I missing?) but at the same time I feel like there is potential for a large rise when the shorts do cover....
 
watchlist Created with Sketch. Add MTS (ASX) to my watchlist
(20min delay)
Last
$3.58
Change
-0.020(0.56%)
Mkt cap ! $3.929B
Open High Low Value Volume
$3.60 $3.60 $3.56 $14.96M 4.181M

Buyers (Bids)

No. Vol. Price($)
2 10232 $3.58
 

Sellers (Offers)

Price($) Vol. No.
$3.59 28852 5
View Market Depth
Last trade - 16.10pm 30/08/2024 (20 minute delay) ?
MTS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.