yes that's exactly my thinking as well.
Short selling enables faster share 'price discovery'
And eventually short sellers have to cover.
MFG is at zero risk of raising capital which is a short sellers wet dream.
So short sellers will have to buy back eventually.
Having said this, some short sellers are actually holders hedging their exit position. If one is a large holder: short sell to cover position, and then repay the physically owned shares. Enables the 'holder' to move more quickly. Used in conjuction with option put strategy.
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MFG
magellan financial group limited
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0.96%
!
$8.41

yes that's exactly my thinking as well.Short selling enables...
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Last
$8.41 |
Change
0.080(0.96%) |
Mkt cap ! $1.452B |
Open | High | Low | Value | Volume |
$8.31 | $8.41 | $8.20 | $12.67M | 1.511M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5667 | $8.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.41 | 15509 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 67 | 8.340 |
1 | 144 | 8.290 |
1 | 4000 | 8.260 |
2 | 14848 | 8.250 |
1 | 188 | 8.180 |
Price($) | Vol. | No. |
---|---|---|
8.420 | 4500 | 2 |
8.450 | 20800 | 4 |
8.500 | 1377 | 2 |
8.520 | 440 | 1 |
8.550 | 122 | 2 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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MFG (ASX) Chart |