You try to buy undervalued stocks, and, similarly, you try to sell overvalued stocks, but shorters in FLT aren't doing their numbers. It is still undervalued.....I have conservative fair value around $48.00,and you would start to short seriously until well into the $50's. They are looking at charts and share prices, and not the business which is going one way. With this sort of short interest at 12.8% it will seriously pop once they get tired of funding margin!
Short squeeze, page-2
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Last
$20.18 |
Change
0.140(0.70%) |
Mkt cap ! $4.459B | |||
| Open | High | Low | Value | Volume |
| $20.05 | $20.20 | $19.95 | $17.10M | 850.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $20.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.18 | 2347 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FLT (ASX) Chart |