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Australian Investment Blog

ASX:DMP 24/05/2018

Domino’s Pizza (DMP) – “short squeezes” into EOFY

Stock

Domino’s Pizza (DMP) $44.47 as at 24/05/2018

Event

Domino’s (DMP) was also mentioned in yesterday’s report as the stock has traded down almost 30% over the last 12-months. DMP has a significant short position of 18.3%, which has been increasing as the stock bounces from its 2018 lows below $40 – makes sense to us. At MM we don’t like DMP as a business / long-term investment but a short squeeze would not surprise us with our potential target around the $50 area.

Market Matters Take/Outlook

  • Extremely aggressive traders cold consider buying here with stops below $43, solid risk / reward but not a position for MM due to our overall view.
Domino’s Pizza (DMP) Chart

By james Carter
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