SYA 5.26% 3.6¢ sayona mining limited

Shorters - impact is?

  1. 6,203 Posts.
    lightbulb Created with Sketch. 535
    Noticed how sizeable & persistent Shorts appear to be?

    ASX daily data shows a jump from approx. 3.4 Mil March 20th to 12.4 mil March 21st.

    ASIC data sits around 800 million although shrinking slightly:


    Trade Date14/03/202314/03/202313/03/202313/03/202310/03/202310/03/20239/03/20239/03/20238/03/2023
    1ProductProduct CodeReported Short Positions% of Total Product in Issue Reported as Short PositionsReported Short Positions% of Total Product in Issue Reported as Short PositionsReported Short Positions% of Total Product in Issue Reported as Short PositionsReported Short Positions% of Total Product in Issue Reported as Short PositionsReported Short Positions
    2SAYONA MINING LTD ORDINARYSYA780,646,515 9 792,012,194 9 813,476,201 9 822,906,922 9 840,183,870
    https://hotcopper.com.au/data/attachments/5143/5143402-1d911cc907a8b54a2a6eaaaf121f96c3.jpg

    That appears to be a lot of exposure - if purely based on speculation?

    Daily volumes

    March 21st - 74 Mil
    March 20th - 62 Mil
    March 17th - 58 Mil
    March 16th - 61 Mil

    Should shorters feel the need to close off - that's more than 10 days of activity! They appear to be quite confident in their positioning?

    Any thoughts from those more familiar with Shorters game plays?
 
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Last
3.6¢
Change
-0.002(5.26%)
Mkt cap ! $370.5M
Open High Low Value Volume
3.7¢ 3.7¢ 3.5¢ $2.158M 59.44M

Buyers (Bids)

No. Vol. Price($)
6 2625000 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 5881377 21
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
SYA (ASX) Chart
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