Bellamy's Australia short sell volume in bottom 10% of Australia, increases Bellamy's Australia Limited, Australia's 8th largest Food, beverage & tobacco company by market cap, has increased 5.0c (0.6%) from its last trading session of February 12 to close at $A9.17. Compared with the All Ordinaries Index which fell 8.6 points (0.1%) in the day, the relative price increase was 0.7%. The volume was 0.8 times the average daily trading volume of 1.5 million shares. The current short selling volume of 333,541 shares is 0.5 times its own historical average. The short-interest ratio defined by number of shares sold short/average daily volume was 0.2 for the day and as per that indicator, Bellamy's Australia's stock ranked in the bottom 10% of the Australian market. This is a bullish indicator. Its MCap is $A1 billion.
BAL Price at posting:
$9.17 Sentiment: Buy Disclosure: Held
