MYX 2.72% $4.65 mayne pharma group limited

Shorts appear to have tentatively peaked for the moment at 5.68%...

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    Shorts appear to have tentatively peaked for the moment at 5.68% and
    marginally tapered down to 5.41% according to Shortman as of 13/1/20.
    That’s about 90 000 000 shares short to cover should MYX ever step forward with a
    positive announcement that scares them into covering their positions or
    an unexpected hostile takeover bid. Shorts not concerned about potential
    Nuvaring approval or Estelle at this stage and mustn’t be expecting any great
    improvement in the half year numbers. Scott said he expected a couple of
    products to be brought to market next month (December) and we’ve heard
    nothing more about them. Can’t help but think they often suggest things will
    happen sooner than they really will or do and the market knows Scott’s patterns
    of exaggeration and talking things up when the reality is completely different
    to the predictions. Therefore it looks like things are set to drag on for quite some
    time. Best thing that could happen is to cut costs and tightly manage the finances
    with the finger on the trigger ready to act when the market turns around which
    could be quite some time away given the track record of this company with way
    more down years than up years.
 
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Last
$4.65
Change
-0.130(2.72%)
Mkt cap ! $395.5M
Open High Low Value Volume
$4.72 $4.76 $4.56 $825.4K 176.8K

Buyers (Bids)

No. Vol. Price($)
2 1960 $4.62
 

Sellers (Offers)

Price($) Vol. No.
$4.68 123 1
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Last trade - 16.10pm 04/09/2024 (20 minute delay) ?
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