Broker downgrades on top of a huge amount of shorting.
Despite the recent rally and yesterdays's shareprice gain, Shortman showed that 91% of yesterday's 4 mill odd shares traded were gross shorts and over 18% of the shares on issue are currently shorted....still the second most shorted company on the ASX.
I guess those shorts that have held their nerve and/or added to their positions recently, are once again profiting from the volatility.
Considering the figures you have quoted from the broker reports, it looks like more downside than up in the near term.
Milesy
opportunity?, page-416
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Last
$5.09 |
Change
-0.110(2.12%) |
Mkt cap ! $3.937B | |||
| Open | High | Low | Value | Volume |
| $5.11 | $5.20 | $5.09 | $15.77M | 3.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 44376 | $5.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.10 | 48941 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IGO (ASX) Chart |
