Interesting reading regarding shorts at over 8%16 Jan 2020 07:49
It was really interesting reading all the posts yesterday regarding the shorts on Metro. As one contributor pointed out, the shorts have decreased significantly from where they were at one point, yet the SP has failed to rise. Is it possible that those shorts closing, have effectively propped up the SP artificially? And the SP could be a lot lower than it currently is, had they not closed some of their positions. With regards to Odey only increasing by 0.72%, as one poster eloquently puts it. "Only 0.72%" still equates to over 1.2m shares. This is still a significant amount of stock. Metro is still a high risk play and certainly not for the faint hearted. The SP could move significantly in either direction. This share now desperately needs some news, and I for one hope it's good. I'm still looking to take a stake. GLA.