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
$62.98 |
Change
-0.080(0.13%) |
Mkt cap ! $6.885B | |||
| Open | High | Low | Value | Volume |
| $63.13 | $63.59 | $62.71 | $12.36M | 195.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 595 | $62.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $62.98 | 1 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| JBH (ASX) Chart |