Short trading is reported on ASIC play today. I noticed a...

Short trading is reported on ASIC play today. I noticed a comment about apparently crazy redemption of shares in EFT URA on Friday

"Incredibly, there were net outflows of $13 million from URA on Friday alone, despite the nuclear hysteria. This also brings URA to net outflows over the trailing 12 months. NUKZ and NLR are being held back by their non-nuclear industrials and utilities." from (9) Steffan Szumowski | Substack
URA went up a LOT on Friday and is going higher again tomorow!

Also read a recent list of short held on several of our ASX u308 stocks LOT was one of the most shorted stocks.

"

• LOT has been among the top 10 most shorted stocks on the ASX in 2025.As of 5 May 2025, LOT was the 8th most shorted stock by percentage of total shares issued, with 252,157,286 shares reported as shorted1.

• Short interest peaked in early May 2025.Around this time, LOT's short interest percentage (short float) was reported at approximately 12.97%, with a days-to-cover ratio of 16.66 days2

"
Why this is interesting may be shorts may have been trying to hold down URA with bucket loads of cash dumping into a significant rise in price GLOBAL X URANIUM ETF was up 11.56% on Friday (US time of course). It could be profit takers or traders as well of course.


Our recent highs of almost 100% above todays price gives a LOT of recovery of course. It has already given a LOT of burning to the very big short types.

That is just the start. Those with short from May 2024 made a bucket load. Those with shorts taken in the last 16 days are in the shite

Today 8.6 % or 203883579 shares on LOT are currently reported as "Reported Short Positions at Short position reports table | ASIC

That was 2362651943 or over 10% on 1/5/2025. I assume 2362651943 by about 17cents or less for that short load. Thats about $401,650,830.31

The current price $0.21 may have burnt $94 million + in short still active in LOT. Just an example not actual data!

The current 2% reduction in Short positions will be looked at again tomorrow. Watching this BURNING is more of interest as the BIG hedge funds will flip from side to side as they assess Risk on or Risk off. LOT is not huge on a global scale. The $$$$$$$$$$$$$$$$$$$$$$$ in shorts changing to Risk on will be very appreciated by share holders

Not suggesting it has happened yet. Have a great day all