Weekly Reports | Nov 07 2019
See Guide further below (for readers with full access).
Week ending October 31, 2019
Last week saw the ASX200 close about where it had begun, after a rally and return in between. All to do with trade optimism/pessimism.
There’s quite a lot of movement evident in the table below but most if it is bracket creep, but for some exceptions.
I have covered the progress shorts in Kirkland Lake Gold ((KLA)) in the past two Reports so I’ll simply note Kirkland shorts fell further last week to 7.0% from 10.1%.
Beyond that, there were three big short increases of note.
One is Costa Group ((CGC)) and another Bega Cheese ((BGA)) for similar reasons, while Webjet ((WEB)) shorts continue to rise.
Also I suggested last week we should see evidence of short covering in the lithium miners this week, but I was actually a day early. The short-covering scramble began last Friday. We await next week’s Report.
Weekly short positions as a percentage of market cap: