ASX Short Positions.

[krugerrands]

I'll post this here as well regarding compliance with short reporting.

Regulatory Guide 196 Short selling (RG 196) covers short selling reporting compliance.

It would appear that the discrepancy in reporting is due to a few factors including "relief" that allows for naked short selling on ASX.

• Provisions exist that exempt you from the gross reporting requirement ( but still have to report net positions )
• Provisions exist that exempt you from both gross and net position reporting
• There are also discretionary powers that allow granting relief from naked short selling restriction and reporting requirements by ASIC.
• Add to that the fact that not all short sellers will even be adhering to the reporting requirements that do in fact exist....

So gross daily report would be most inaccurate.
Net position reporting will be closer.

It would depend on how many maket makers and other sophisticated investors are able to hide behind the "relief" and provisions allowed by ASIC through the use of derivates for naked short selling and concessions on reporting.

 

[jk6199]

Morning Chippers,

Gross shorts for Thursday 29th September,

37,717

Lowest in a very long time.

Brn pressently 16th most shorted according to Shortman site.

6.66 % gross shorts of BRN stock.

Regards,
Esq.

Hi Esq,

Any updated info' on the volume of shorts?

Thank you.

 

[Esq.111]

Morning jk6199,

Would appear thay have a seemingly endless pool of shares to borrow from.

Below is a months worth of gross shorts taken each day,

12/9/2022 . 715,838
13. 442,234
14, 1,680,217
15, 2,924,035
16, 10,281,089
19, 1,454,218
20, 119,592
21, 482,308
22, public holiday
23, 1,057,183
26, 895,367
27, 698,670
28, 579,734
29, 37,717... total 6.79%
30, 690.474
3/10/2022. 271,388
4 , 1,265,143
5, 722,666
6, 568,242

Total gross shorted up to 30th September 2022,
6.83% excluding the last 4 days.

Regards,
Esq.

 

[jk6199]

Morning jk6199,

Would appear thay have a seemingly endless pool of shares to borrow from.

Below is a months worth of gross shorts taken each day,

12/9/2022 . 715,838
13. 442,234
14, 1,680,217
15, 2,924,035
16, 10,281,089
19, 1,454,218
20, 119,592
21, 482,308
22, public holiday
23, 1,057,183
26, 895,367
27, 698,670
28, 579,734
29, 37,717... total 6.79%
30, 690.474
3/10/2022. 271,388
4 , 1,265,143
5, 722,666
6, 568,242

Total gross shorted up to 30th September 2022,
6.83% excluding the last 4 days.

Regards,
Esq.

Thank you, short squeeze would be nice

 

[Esq.111]

Afternoon Chippers,

Just had a look on the Shortman site , although data is 4+T days delayed...

On 15th Dec total gross shorts 6.576%

On 22 Dec total gross shorts 4.72%

= a drop of gross shorts by 1.857%, So thay have bought back 32,237,000 shares, roughly.

Good start.

Regards,
Esq

 

[DingoBorat]

Afternoon Chippers,

Just had a look on the Shortman site , although data is 4+T days delayed...

On 15th Dec total gross shorts 6.576%

On 22 Dec total gross shorts 4.72%

= a drop of gross shorts by 1.857%, So thay have bought back 32,237,000 shares, roughly.

Good start.

Regards,
Esq

From the 20th to the 22nd, they covered over 39 million shorts.

There weren't that many shares traded on those 2 days..

What gives ..

What's occurred, is basically impossible, assuming figures are being reported properly. Obviously they are not..

 

[Kachoo]

I was to say something also about this coverage. Like I told my mate these reports are nowhere near accurate.

There is a high short position but it's been covered during the last month or so I think they just did not report it.

Still nothing has changed with BRN. I wonder if the institutions do a cross trade and cover there mates short while they accumulated shares ?

 

[Deadpool]

From the 20th to the 22nd, they covered over 39 million shorts.

There weren't that many shares traded on those 2 days..

What gives ..
View attachment 25474 View attachment 25475
What's occurred, is basically impossible, assuming figures are being reported properly. Obviously they are not..

Something is definitely wrong in Denmark

 

[Flenton]

Is it possible that people had accumulated shares to cover their shorting position but held onto them in case they were to try their luck again. Now they have had enough of shorting us so gave the shares back to officially cover their position?

 

[Kachoo]

Is it possible that people had accumulated shares to cover their shorting position but held onto them in case they were to try their luck again. Now they have had enough of shorting us so gave the shares back to officially cover their position?

Nah a error reporting lol.

 

[DingoBorat]

Nah a error reporting lol.

Institutions like Citicorp, do sometimes make "errors"..
I mean institutions like them, are run by humans with "good" morals and integrity, aren't they? ..

BaHaHa Ha Ha harrr!
Ha ha harr
Ha har
Sorry..

 

[Kachoo]

Institutions like Citicorp, do sometimes make "errors"..
I mean institutions like them, are run by humans with "good" morals and integrity, aren't they? ..

BaHaHa Ha Ha harrr!
Ha ha harr
Ha har
Sorry..

Well I'm glad there was no cover if that's true a short cover rally or panic can nicely spike prices and it's comming in my opinion. It's just when and 2023 I think will see one.

 

[DingoBorat]

Well I'm glad there was no cover if that's true a short cover rally or panic can nicely spike prices and it's comming in my opinion. It's just when and 2023 I think will see one.

We need strong International buying for that.

And it will come, in my and everyone else's opinion, who is closely following BrainChip's progress.

The ASX is a goldfish bowl and BRN is headed for the Open Sea.

 

[Deleted member 118]

Nah a error reporting lol.

All fixed now

 

[Kachoo]

View attachment 25571



All fixed now

I saw that last night. Nice to see it drop about 5 million. My big question is how and where will the liquidity come from for the 100 or so million shares? The number of share truely available is not that much on a day that the teade pressure off it moves fast. Not my problem I guess.

 

[Deleted member 118]

A few brave shorters are probably covering today, but still in excess off 100,000,000 to go

 

[DingoBorat]

A few brave shorters are probably covering today, but still in excess off 100,000,000 to go

I think today is just a little retail buying, with maybe a little push from the Market Movers, to capitalise on a bit of any excitement.

So just a bit of games maybe..

But they always get the last laugh, don't they..

 

[Esq.111]

Morning Chippers,

This is the daily short position taken out , taken from ASX site.

5,623,556 taken out yesterday, apparently.

Excuse the coffee stain, this pad is the doily equivalent on my desk.

Regards,
Esq.

 

[Rskiff]

Morning Chippers,

This is the daily short position taken out , taken from ASX site.

5,623,556 taken out yesterday, apparently.

Excuse the coffee stain, this pad is the doily equivalent on my desk.

Regards,
Esq.

Thanks @Esq.111 . What I find interesting and frustrating is that BRN is so heavily shorted. (from memory I think the other month ranked 11th on ASX) This would affect the funds BRN are trying to raise with the share price driven lower. Surely the company are aware of this and have a plan to get the best for itself, thus shareholders? If not , why not?

 

[Deleted member 118]

Thanks @Esq.111 . What I find interesting and frustrating is that BRN is so heavily shorted. (from memory I think the other month ranked 11th on ASX) This would affect the funds BRN are trying to raise with the share price driven lower. Surely the company are aware of this and have a plan to get the best for itself, thus shareholders? If not , why not?

Has anyone asked the company if they plan to protect the share price from shorters