MYR 2.47% 83.0¢ myer holdings limited

Shorters in MYR have a choice, page-3

  1. 6,243 Posts.
    lightbulb Created with Sketch. 1245
    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
83.0¢
Change
0.020(2.47%)
Mkt cap ! $696.6M
Open High Low Value Volume
80.0¢ 84.0¢ 80.0¢ $1.360M 1.651M

Buyers (Bids)

No. Vol. Price($)
8 12846 83.0¢
 

Sellers (Offers)

Price($) Vol. No.
83.5¢ 19060 8
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Last trade - 15.24pm 23/08/2024 (20 minute delay) ?
MYR (ASX) Chart
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