Bank shorts
An orgy of short positions on the big 4 Aussie banks reached a crescendo in the first quarter of 2019.
At that time there were more than $7 billion in total dollars shorted as the financial services Royal Commission handed down its verdict.
At that time there were more than $7 billion in total dollars shorted as the financial services Royal Commission handed down its verdict.
Since then, short positions have declined considerably, now down to under $3 billion in early October.
Source: ShortMan
Generally speaking banks have rebounded solidly.
But that's been nothing compared to the bonanza for mortgage aggregators, as the threats to break up the broking industry have receded.
Mortgage Choice (ASX: MOC) has recovered from 73 cents to $1.25, while AFR has soared from a low of 97 cents to a record $2.40 as quarterly lodgements broke their previous strongest result.
