AKE 0.00% $9.83 allkem limited

Further to mine earlier this month re Short Selling the latest...

  1. 39 Posts.
    Further to mine earlier this month re Short Selling the latest short selling figures are amazing:

    DATE DAILY VOLUME DAILY SHORTS DAILY PERCENTAGE
    11/9 52472 36184 68.95
    14/9 109255 23545 21.55
    15/9 133232 43931 32.97
    16/9 84849 15835 18.63
    17/9 44333 5634 12.71
    18/9 109702 8067 7.35
    21/9 425270 53338 12.54
    22/9 634787 212213 33.43
    23/9 240189 128636 53.55
    24/9 408075 210771 51.65

    This averages out at over 30% of trades are shorts. You only have to watch the list of daily trades to realise that there are multiple numbers of small trades in both directions triggered by bots.
    Because of this it makes me very nervous so have decided to exit today. I don't understand why it is manipulated so much. Why would someone lend shares for shorting only to see the SP decline?
    Fundamentally it is a good Company gradually sorting out its production problems but what the SP is experiencing is not what I call normal trading.
    I'm going to watch on the sidelines.
 
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