Today marks the official end of the Australian company reporting season. Ramsay Healthcare and construction materials group Adelaide Brighton missed forecasts slightly, and may see selling pressure. However traders will turn their attention to Ingham's and Galaxy resources, the second and third most short sold stocks on the ASX respectively. Ingham's has beaten consensus, and Galaxy has shot the lights out with a 60% revenue increase leading to a 90% profit lift, as well as completing the sale of its Posco unit. Extreme volatility in both of these stocks is a likely outcome.
GXY Price at posting:
$2.18 Sentiment: Buy Disclosure: Held
