RE: Short position on IG gone to only 1%7 Jun 2023 12:56
They just changed gone 3% 2% this week and now 1% this afternoon….how’s that not good?
It shows those short are closing and see little downside, expect to see the share price rising now.
It makes sense. Being short now is riiiisky!
With asos rumours - if that does receive a bid boohoo flys to with read across.
If boohoo gets brought in on the rumours of takeover. It flys up.
Odds in your favour now.