ASM australian strategic materials limited

The Short Report, page-141

  1. 7,647 Posts.
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    This is the latest available data on the short position.

    As you can see the shorts have now become comfortable with a 6% position. Below the chart is the number of shares sold short yesterday into the rally.

    IMO... the shorts intend to aggressively defend their position. Although yesterday's 1/4ly was a good read and should inspire confidence in the company it simply did not hold enough tangible positive forward looking information to excite a change of the prevailing sentiment. For that sentiment to become bullish (and swamp the shorts) what is required is a major shift in ASM's fundamentals... be that KMP receiving big orders, resolution of the funding requirements or something out of the blue. I think in time that will occur but until it does the shorts have control... imo.

    Screenshot 2022-10-27 at 13-58-19 ShortMan - Short position graph for ASM.png Screenshot 2022-10-27 at 13-58-49 https __www.asx.com.au.png
 
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(20min delay)
Last
50.5¢
Change
-0.015(2.88%)
Mkt cap ! $91.57M
Open High Low Value Volume
52.5¢ 54.0¢ 50.5¢ $210.6K 401.8K

Buyers (Bids)

No. Vol. Price($)
3 28242 50.5¢
 

Sellers (Offers)

Price($) Vol. No.
52.0¢ 778 1
View Market Depth
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
ASM (ASX) Chart
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