No prizes for guessing that shorters were at it again yesterday with 2.755mm or 36.3% shorted. I watched trades go thru in the last hour or so and they were loading sells on with a front end loader into the bid price.
Whilst it seems a somewhat irrational action to be shorting a stock that is subject to a bid with the risk of higher offers occuring, wouldn't a 2nd bid party want the price kept down prior to lobbing in it's offer?
ANZ
MCC Price at posting:
$15.72 Sentiment: Hold Disclosure: Held
