According to todays AFR, FLT short sales are currently at 1.2m shares. There are only 100m FLT shares on issue and if you take out the major shareholders that hold a combined 74m shares (according to e trade) that leaves only 26m shares to go around for the rest of us.
So approx 5% of liquid stock is short. The last time I shorted a stock was in the 1987 crash so maybe I don't understand the game anymore but that seems a very high percentage to me.
I would appreciate some thoughts on this from fellow holders.
short sales
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Last
$17.51 |
Change
0.120(0.69%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.48 | $17.62 | $17.31 | $12.57M | 718.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8551 | $17.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.52 | 38 | 1 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
