oz...boy mentions the 38MM shorts, and "a long way to go," without context.
The shorts peaked at +62MM on 4 November at 62,657,712, and have been on a solid downtrend since. I like trends that favour my investments.
http://www.shortman.com.au/stock?q=gor
With this magnitude of very orderly short covering the risk of a short squeeze diminishes daily, but still remains.
The question I've put to myself is: Primarily investors are out to make profit, but not exclusively. Could a significant amount of shorts be there to accumulate a strategic position in GOR to facilitate a ???
Succinctly, I'm speculating the gross part of the shorts is NOT to drive GOR into the dirt.
OV
Short Strategy
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 (20min delay)
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Last
$1.78 |
Change
-0.013(0.70%) |
Mkt cap ! $1.936B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.82 | $1.78 | $1.664M | 929.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 32069 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 33655 | 45 |
View Market Depth
| Last trade - 12.39pm 05/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |