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Summary:
Last week saw the ASX200 chop around, running fast to get nowhere.
The most notable event in Short Land last week was that of four stocks dropping out of the 5%-plus shorted table, and none coming in. This leaves a mere 17 stocks on the table – a table which back in the day could number in the 40s.
Nothing like a bull market to shake out the shorts, although the index is currently struggling to make any fresh headway.
In last week’s report I’d noted Kogan ((KGN)) shorts had fallen to 10.6% from 11.8%, ahead of the announced Sydney lockdown. Kogan proved popular with lockdown inmates last year. But last week shorts bounced back up to 11.5%.