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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Video Update – January 2025 Portfolio Performance & Positioning
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Thursday 23rd Jan – ASX 200 down 27pts, PPS, NWL, FMG & STO
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Thursday 23rd Jan – Dow up +130pts, SPI down -35pts
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MM is neutral URW
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