BUB 3.70% 13.0¢ bubs australia limited

Whats up with BUB?, page-4

  1. 153 Posts.
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    I am only a reasonably new holder, but I was concerned when I was buying about the shorting of BUB.

    From late March, the total shorts have steadily increased from around 1.5m shares to over 15m shares (or 2.93%) at last report (as at 17 Oct - https://www.shortman.com.au/stock?q=bub).

    And when you look at the daily shorting, there have been a few recent days where the short-selling appears to have ramped up & has reached over 20% (ie that's 20%+ of the day's sells) and as high as 31%, including Thursday/Friday last week & Monday this week. So that certainly has "helped" stifle the share price, particularly since 10 Oct.

    I would expect the shorts % for today (published by the ASX tomorrow) will easily show a 20%+ figure.

    As to the reason behind the shorting, I have no idea, as shorting activity can be undertaken for a variety of strategies including accumulation.

    Just for information & perhaps for keeping an eye on!
 
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13.0¢ 13.5¢ 13.0¢ $203.9K 1.546M

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