Does a weaker AU dollar help their profitability ?
If the US FED keeps upping interest rates then AU dollar will help exporters.
Shortman website shows extra shorting over the last week.
https://www.shortman.com.au/stock?q=NCZ
Date Gross shorts 1 Issued capital % Capital shorted 2 Trade volume 3 Shorts as % of volume 4 1 Mon 8th Oct, 2018 486,548 503,972,048 0.09% 4,037,386 12.05% 2 Fri 5th Oct, 2018 506,099 503,972,048 0.10% 1,218,967 41.52% 3 Thu 4th Oct, 2018 1,495,241 503,972,048 0.29% 3,028,962 49.36% 4 Wed 3rd Oct, 2018 980,043 503,972,048 0.19% 1,988,691 49.28% 5 Tue 2nd Oct, 2018 174,624 503,972,048 0.03% 675,005 25.87% 6 Mon 1st Oct, 2018 125,801 503,972,048 0.02% 520,113 24.19% Any thoughts on the shorts?
Does a weaker AU dollar help their profitability ?If the US FED...
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