Net lend has stopped decreasing. Total shorts have been static for a few days bar one day of misreporting, but there is a huge volume of shorting taking place daily. Way above long term averages as a percentage of daily volume. This is therefore probably all intraday shorting and that is probably why the algos are trying to generate high volatility with propping and capping and crazy price swings. I like the volatility. It sure is better than falling in a straight line 6% a day for 8 days.
With a company with this market cap and value being traded daily I am guessing this is one of the hottest companies to trade on the ASX at the moment. Of course hot money flees quickly so hopefully tomorrows report will bring fund buying to slowly replace exiting traders into higher prices.
ARI Price at posting:
22.5¢ Sentiment: None Disclosure: Held
