I just took a look at the macro-short position in Myer. In a nutshell, there was a significant surge in short positions commencing Late July-August 2014, and this commenced when the share price had been hovering around $2 for a while. The increased short position in totality went from around 10% to 17% where it has existed for a while upto now. Given MYR is now around 1.85, there's not a lot of incentive now for shorters to maintain their position and like the poster above, I can foresee a squeeze coming where they will have to buy back in a hurry to avoid taking a hit. Maybe this is a being engineered already given the increased share price this past month. I can't wait for this to happen given the agony they caused when the stock was forced down into the 1.30's. I topped up a bit at 1.45 so am quite happy about that.
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Last
82.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $690.9M |
Open | High | Low | Value | Volume |
82.0¢ | 82.5¢ | 82.0¢ | $508.3K | 617.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10800 | 82.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 85841 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10800 | 0.820 |
3 | 21787 | 0.815 |
7 | 84244 | 0.810 |
7 | 74141 | 0.805 |
12 | 207385 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 85841 | 7 |
0.835 | 143046 | 8 |
0.840 | 173141 | 6 |
0.845 | 23144 | 5 |
0.850 | 35972 | 9 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
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