This is more complex than just SS shorting a stock on the expectation it will go down. The investment banks may also short to hedge against their risk. As an example if a client goes to SS and asks them to buy TLX "on risk" (which means use SS capital to buy on behalf of the client or borrow) SS will also short as a hedge to de-risk, if they don't hedge and the client looses and cannot pay the loss back to SS they loose that money.
So SS shorting can also be interpreted as clients continuing to buy on risk and SS having to hedge to protect their capital.
Cheers
Understanding Telix, page-1460
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Last
$22.90 |
Change
-0.010(0.04%) |
Mkt cap ! $7.664B | |||
| Open | High | Low | Value | Volume |
| $23.00 | $23.19 | $22.40 | $16.31M | 715.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3391 | $22.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.93 | 2866 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TLX (ASX) Chart |