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
$6.41 |
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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