Weekly Reports | Oct 03 2019
See Guide further below (for readers with full access).
Week ending September 26, 2019
Last week saw the ASX200 plateau before pulling back on impeachment proceedings. Nothing, of course, like what was to come this week.
In last week’s Report I noted Bellamy’s Australia ((BAL)) shorts fell from 15.0% to 6.6% as the share price rallied 55% on a takeover offer. It is still not a given that the takeover will receive government approval but last week Bellamy’s shorts fell to below 5%.
Other moves last week of a percentage point or more include Bingo Industries ((BIN)), to 10.2% from 9.2%, and Speedcast International ((SDA)), to 9.7% from 8.5%. See below.
All other red and green moves on the table below are more minor.
For the record we might note Blackmores ((BKL)) has crept into the 10%-plus club as the market continues to sour on China-dependent retailers (Bellamy’s now excluded) and we also welcome two newbies to the bottom of the table – agricultural REIT Rural Funds Group ((RFF)) and international Property REIT Cromwell Property Group ((CMW)).
Weekly short positions as a percentage of market cap: