KLSE (MYR): AEON (6599)
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Last Price
1.41
Today's Change
-0.02 (1.40%)
Day's Change
1.39 - 1.43
Trading Volume
4,872,400
2024-05-23
2024-05-23
2024-05-23
2024-05-23
2024-05-23
2024-05-21
2024-05-21
2024-05-21
dragon328
2,023 posts
Posted by dragon328 > 2022-08-16 14:21 | Report Abuse
I was not aware of such a short position in AEON but 5m shares are not big.
I suspect most of these short positions were entered into in May when AEON share price was trading at RM1.55-1.69 and daily volume exceeds 3.0 million shares. With the subsequent drop in share price to RM1.26-1.28, I think most of the short positions had been unwound then, left now with net 5.0m shorts.
I expect these shorts will be covered soon when the shorties see that share price is well supported and an excellent June quarterly result announcement is coming in 2 weeks.