Weekly Reports | Nov 26 2020
See Guide further below (for readers with full access).
Week ending November 19, 2020.
Last week saw the vaccine-inspired global stock market rally (and cyclical rotation) continue.
As the table below suggests, the rally has not inspired much in the way of short-covering. While Webjet ((WEB)) shorts, for example, have reduced recently, they’re still right up there at 13.2% despite the share price rising 74% in November.
Flight Centre ((FLT)) shorts ticked down a bit last week but they’re still hanging around the 7-8% level with the stock up 66%.
With little else to highlight from last week, we might note Tassal Group ((TGR)) has been steadily moving up the table recently and last week reached 8.0%. While one might assume fears of salmon and prawns being added to Beijing’s hit list (to join lobsters), it’s been rival Huon Aquaculture ((HUO)) that’s been in the wars of late.
Fresh from angrily denying accusations of environmental destruction, this week a fire at one of the fish farmer’s holding pens saw 50,000 salmon escape.
Police are still perplexed as to how the salmon got a-hold of the petrol. But their plan was foiled when word went out of the bust, sending every local boat out to reel in a cheap and tasty Christmas lunch.
A little Short Report levity for the Silly Season.
No Movers & Shakers this week.
Weekly short positions as a percentage of market cap: