Curious to know out there, why would you want to short Tassals now?
The image below is from 61Financial which scours ASX daily data to come up with cumulative figures. Supposedly it has 7.5% of its stock sold short, representing 11 days of cover based on normal turnover. That's quite high - 21st most shorted stock on ASX as of today. For comparison, that's up there with A2 Milk (way over priced compared to actual earnings) or FNP (who are in a trading halt for like 3 months due to $60m inventory loss). Meanwhile, Tassals is arguably under valued, and yet the price has gone down from $3.70 to $3.50 and the shorts have increased from 2-3% to 7%. When Rural Funds went through this, Bonitas came out with a 'Short Report' that crashed their price, proved to be wrong, and it bounced back. The shorts made money, the company went through turmoil, but also created a great buying opportunity. Can't see that here pesonally, but trying to work out what may be going on. Any ideas?
TGR Price at posting:
$3.57 Sentiment: Buy Disclosure: Held
