The total percentage of IFN stock shorted continues to climb sharply and is now above 3% of total stock, which places it inside the top 100 most shorted stocks on the ASX (at position number 95).
However, from a valuation perspective, IFN looks reasonable, with a PE of 11.
Personally, I will be looking to accumulate if the stock moves into the 40-50 cents range.
Particularly, with a change of Federal Government on the cards...
