UBS became a major holder of A2M.
CBA is still a major holder.
I think most shorter have closed their short positions and returned the shares to those share lenders.
1. Shorter should be happy with their profit ($2.40-$1.96)/$1.96=44% already,
2 BAL's announcement on Wednesday will be a risk for them as well.
2.1 If BAL announces a serious management issue, then it proves it's an independent issue and A2 should be impacted by that.
2.2 If BAL announces a not too bad clarification, then BAL SP may jump back and so do A2
3 Another risk is the A2's FY17 forecast may come out soon. If A2 releases a optimistic forecast, short squeeze may happen.
So shorter may also prefer to close the short position before the announcement.
If I am a (small) shorter, I probably won't take those risk to try to pursue the limited profit, close short position before the BAL announcement will be safer.
Of course, IMO.
DYOR
Think as if you were the shorter
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Last
$6.41 |
Change
0.180(2.89%) |
Mkt cap ! $4.640B |
Open | High | Low | Value | Volume |
$6.20 | $6.49 | $6.19 | $21.51M | 3.369M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9475 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.42 | 23874 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9475 | 6.390 |
4 | 38064 | 6.380 |
3 | 18053 | 6.370 |
3 | 10975 | 6.360 |
1 | 9475 | 6.350 |
Price($) | Vol. | No. |
---|---|---|
6.420 | 23874 | 3 |
6.430 | 7312 | 2 |
6.440 | 6298 | 1 |
6.460 | 3353 | 2 |
6.470 | 3000 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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