To put the current short position into some perspective:
407m shares on issue
15% short = 61m shares open ended
Total 12 month volume 669m shares traded (based on 260 trading days x ave daily volume of 2.57m)
There is a potential situation where outstanding shorts (currently locked in and unable to cover) have to re purchase 10% of the total 12 month volume of galaxy on market!
Just think about that for 2 mins.....
**do you take sugar with your tea?
- Forums
- ASX - By Stock
- squeeze please
To put the current short position into some perspective:407m...
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)