The total percentage of IFN stock shorted continues to climb...

The total percentage of IFN stock shorted continues to climb sharply and is now above 3% of total stock, which places it inside the top 100 most shorted stocks on the ASX (at position number 95).

However, from a valuation perspective, IFN looks reasonable, with a PE of 11.

Personally, I will be looking to accumulate if the stock moves into the 40-50 cents range.

Particularly, with a change of Federal Government on the cards...

@anthony75 & @strangelogic - what's your guess as to how low IFN might go? I.e. what catalyst do you think will turn the stock around? 12 month price target?

GLTAH. DYOR.