Normal
Linc has total of 504.5m shares on issue.According to ASIC short report, there were 4.26m short position (3.39% of total shares) on 1 May. Come 18 May the number was 24.3m short position (4.81% of total shares. So a total of 20m shares were short sold. Total volume traded between those days were ~50m shares. So around 40% of transactions were short...These numbers no doubt increased significantly in the last week, where another 37m shares were traded while the price dropped another 18%.I've got nothing against the morality of shorting per se but it's difficult to see how shorting LNC at this level has sensible reward/risk... but I guess it's easy to join the shorting frency than to go against it.
Linc has total of 504.5m shares on issue.
According to ASIC short report, there were 4.26m short position (3.39% of total shares) on 1 May. Come 18 May the number was 24.3m short position (4.81% of total shares. So a total of 20m shares were short sold. Total volume traded between those days were ~50m shares. So around 40% of transactions were short...
These numbers no doubt increased significantly in the last week, where another 37m shares were traded while the price dropped another 18%.
I've got nothing against the morality of shorting per se but it's difficult to see how shorting LNC at this level has sensible reward/risk... but I guess it's easy to join the shorting frency than to go against it.
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