I have to confess, I recently found out I have been supporting the shorters by loaning out my my PLS shares to them. Many others are probably doing the same, ignorantly like myself.
I belong to a Super fund that enables me to buy individual stocks from within the fund (sort of like a pseudo-SMSF). I sold about 5% of my PLS holding before Christmas. Imagine my surprise when the transaction cleared I received the funds including an additional amount which was described as a short fee payment. Technically, the Super fund can do this as they are the owner of the shares, despite the fact I don't want my shares lent to shorters.
If there was some way that the rules concerning Super companies require them to have permission to short stocks under management, this would help to limit the fuel being added to the shorting fire.
I have to confess, I recently found out I have been supporting...
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |