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They are the most heavily shorted stock on the lse with almost 9%. I don't think that this is anything to do with fundamentals but just on the recent share price decline and downwards guidance i.e. momentum. I think once this unwinds, which may not be soon then the share price will raise quickly again.
I can't see any business fundamental reason for it, maybe softness in offshore wind and energy in general
I published an FAQ article yesterday to answer some recent questions, including this one here. Please check it out and let me know if you have any additional ones.
They are the most heavily shorted stock on the lse with almost 9%. I don't think that this is anything to do with fundamentals but just on the recent share price decline and downwards guidance i.e. momentum. I think once this unwinds, which may not be soon then the share price will raise quickly again.
I can't see any business fundamental reason for it, maybe softness in offshore wind and energy in general
Do you have an idea why some aggressive accounting-focused hedge funds are short this stock?
I published an FAQ article yesterday to answer some recent questions, including this one here. Please check it out and let me know if you have any additional ones.
https://dragonfieldinvesting.substack.com/p/ashtead-technology-update-faqs