One of the top performers last week was URW which rallied ~15% following major short covering overseas. Today I have again looked at 3 stocks locally which carry major short positions and could be prime candidates for a potential short squeeze. In our opinion if we do see a number of such squeezes in the vast majority of cases it will represent some sort of “get out of jail free card” as opposed to the start of a huge turnaround story i.e. again be prepared to sell!
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Buy Hold Sell: The best and worst performers of FY25
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Friday 27th June – ASX +13pts, REH, BOE, IFL
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Friday 27th June – Dow up +404pts, SPI up +51pts
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MM is neutral URW
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