This is probably why
https://www.copyright link/business/agriculture/crops/due-diligence-why-shorters-are-pecking-inghams-group-20180814-h13xfm
https://www.copyright link/business/agriculture/crops/why-youll-be-paying-more-for-chicken-this-year-20190228-h1bt8i
Inghams has been the target for short sellers due to feedstock prices going up as a result of the drought. Looks like they've had their day.
I don't care. As a result of the capital return in December I will keep holding this and maybe buy some more if it drops more. But I think the shorters still have a lot of work to do getting the price down.
News: ING Inghams Group Posts HY Underlying NPAT $55.4 Mln, Down 5.3 Pct, page-5
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Last
$3.10 |
Change
-0.030(0.96%) |
Mkt cap ! $1.133B | |||
| Open | High | Low | Value | Volume |
| $3.16 | $3.17 | $3.09 | $3.306M | 1.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 27965 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 115084 | 1 |
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| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| ING (ASX) Chart |
