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
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Last
$6.77 |
Change
0.130(1.96%) |
Mkt cap ! $4.894B |
Open | High | Low | Value | Volume |
$6.63 | $6.77 | $6.63 | $10.00M | 1.485M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2420 | $6.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.77 | 37726 | 4 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2420 | 6.760 |
1 | 2500 | 6.750 |
3 | 8523 | 6.740 |
4 | 34661 | 6.730 |
2 | 12493 | 6.720 |
Price($) | Vol. | No. |
---|---|---|
6.770 | 18339 | 2 |
6.780 | 15335 | 6 |
6.790 | 9830 | 3 |
6.800 | 12884 | 8 |
6.810 | 600 | 1 |
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