Company Report
Last edited 7 months ago
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ranked
#206
Performance (21m)
-21.3% pa
Followed by
6
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#Short squeeze for KGN?
stale
Added 7 months ago

Share price currently up 50% today following a business update from KGN. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02546444-3A597966?access_token=83ff96335c2d45a094df02a206a39ff4

According to shortman.com over 8% of KGN shares on issue are shorted. Which equates to approximately 8.5m shares. Making it the 7th most shorted stock on the ASX (as of 4 days ago).

Perhaps the update caught the shorters by surprise. Todays trading volume was 5.7m shares. Looks like shorters closing out their positions.

Disc. Sold out today in RL and SM (after holding for way too long)