The shortman link I'm already finding useful. Even more encouraging is that the price rose yesterday even though 2.5m shares were sold short. Ex entitlement trading has had around 1.5m - 2m shares short sold per day on average, about 19m shares sold short since ex entitlement. Keeping that in mind the share price performance since then is not too bad. Price rising again today and if it stays on trend that is despite 1.5m - 2m short sales.
The value here will be too compelling I think and the buyers will eventually win from these levels. I wonder if Premier (PMV) would see this as a takeover target?
All imo dyor
MYR Price at posting:
89.2¢ Sentiment: Hold Disclosure: Held
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