TLG 3.33% 58.0¢ talga group ltd

TLG Short's, page-51

  1. 410 Posts.
    lightbulb Created with Sketch. 697
    The Jun 30 aggregate report is in - a day where 2.2M shares were traded - and the shorts remain nearly 3M shares in the hole. Seems somewhat suspect that so many shares moved and the short position remained basically unchanged (neither net sellers nor buyers). Maybe some large shareholder decided to dump the same day another big player was waiting to open a large position. Or, maybe the shorts were wash trading in the hopes that high trading volumes would shake out some weak hands. Since Jun 30, trading volume has been relatively low (not enough shares traded for the shorts to close a meaningful number of shares).

    Regardless, the situation remains unchanged and can only end two ways - either the longs capitulate in volume so the shorts can close their position or the longs don't capitulate and the shorts eventually get squeezed. Every day that goes by without the shorts closing is another day they have to post margin and pay interest to keep their position open.

    https://hotcopper.com.au/data/attachments/4486/4486318-3ad1c86fb38570988e9867b204ad56ad.jpg
 
watchlist Created with Sketch. Add TLG (ASX) to my watchlist
(20min delay)
Last
58.0¢
Change
-0.020(3.33%)
Mkt cap ! $248.8M
Open High Low Value Volume
60.0¢ 62.0¢ 56.5¢ $596.5K 1.020M

Buyers (Bids)

No. Vol. Price($)
3 21914 57.5¢
 

Sellers (Offers)

Price($) Vol. No.
59.0¢ 4681 1
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
TLG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.