bearish

Liontown Resources (LTR AU): Passive Selling on Lower Float

983 Views09 Oct 2023 04:30
Hancock Prospecting's large stake will result in a reduced for Liontown and there will be passive selling over the next few months. Shorts could cover and Hancock could buy more.
Boomeranged on Mon, 16 Oct 2023 07:53
Albemarle has withdrawn its indicative proposal for Liontown due to 'growing complexities with completing the transaction'. No deal + upcoming passive selling could take the stock lower. The trading halt gives LTR and Hancock time to come up with something. Shorts in LTR have jumped over the last month and the last reported short interest is 218.76m shares (10% of shares out; 9x last-30-days-ADV)
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
Discussions
(Paid Plans Only)
chart-bar
Logo
Top 5%
Brian Freitas
Pan-Asia Index Rebalances/ Events/ Delta One
Periscope Analytics
EquitiesEvent-DrivenQuantitative Analysis
Price Chart(Sign Up to Access)
analytics-chart
x