No lucky bstdr looks like covered today … 97% shorts was a freaking risky move …
This is from yest…Cape Lambert Resources short sell volume in bottom 10% of Australia, climbs 4.8%
Cape Lambert Resources Limited, The stock price has climbed 0.10c (4.8%) from its last trading session of November 16 to close at 2.20c. Compared with the All Ordinaries Index which rose 21.6 points (0.4%) in the day, the relative price increase was 4.4%. The volume was 0.2 times the average daily trading volume of 3 million shares. The current short selling volume of 2,950,000 shares is 6.3 times its own historical average. The short-interest ratio defined by number of shares sold short/average daily volume was 0.7 for the day and as per that indicator, the stock ranked in the bottom 10% of the Australian market. This is a bullish indicator.
CFE Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
