The aggressive short selling of the shares in the Resilient group of companies should soon come to an end with the amount of stock available for shorting having all but run out. The group has had a torrid 2018 so far, with a sustained decline in share prices as investors borrowed shares from the companies’ floats for a fee then immediately sold them. These sellers have then purchased the shares at the lower prices, making profits. But the shares that can be shorted from these floats have all but run out, according to senior property analyst at Nedbank CIB Len van Niekerk. "Nedbank’s data collected from the market indicates that the amount of Resilient stock available for shorting has dried up significantly in January 2018, and there is now for all intents and purposes no Greenbay and Nepi Rockcastle available to short. These stocks are positioned for a significant short squeeze should the share price start to rise," said Van Niekerk. A short squeeze is a situation in which a heavily...
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