ESG eastern star gas limited

The other thing that shorting to the tune of 44.6% of sales...

  1. 3,666 Posts.
    The other thing that shorting to the tune of 44.6% of sales reveals - it is a price-control exercise, not one that is driven by trading profits.

    If you are almost entirely buying back your own shorts (rather than earning trading profits off other buys/sellers), then there can be no trading profit. Imagine 50% shorting, where for every short sale, there is a corresponding buy back of a short. No third parties involved, just a zero-sum churn.

    At 44.6% of total sales, the shorters are performing an act of 'share market onanism'.

    Yaq
 
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