Market reporting of short positions in JBH shows shorts have been declining recently.
JBH is among the top 4 shorted stocks on ASX but it appears recent positive sentiments re strong Xmas trading & overhyped Amazon threat is seeing a decline in total shorts.
(Approx 14.5% of Jbh stock is currently shorted).
Reduction in the high level shorts means increased demand for the stock hence should deliver favourable price momentum - hopefully for a while yet.
Look forward to JBH interim results announcement in Feb
Shorts Unwinding
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Last
$61.21 |
Change
-0.030(0.05%) |
Mkt cap ! $6.692B | |||
| Open | High | Low | Value | Volume |
| $61.20 | $61.42 | $60.77 | $10.82M | 176.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61 | $61.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $61.22 | 245 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| JBH (ASX) Chart |