Tassal is now the 3rd most shorted stock on the ASX.
Mindblowing considering Covid had barely any impact on its operations, being mostly based in Tasmania.
Combined with a track record of consistently growing operational EBITDA and clearly defined growth avenues, I really don't understand what the plan is here.
Surely they are not all betting on a seafood ban from China ? 10% short is a bit extreme for such a bet.
Surely there are stocks to short out there that have been more impacted by Covid than a seafood producer in one of the safest jurisdiction in the world.
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Tassal is now the 3rd most shorted stock on the ASX. Mindblowing...
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