Hi Lemon, yes nice to be moving on.... and in that context, here are my thoughts on recent shorting of ATM.
1.) Below chart shows Shorts aren't increasing as Bull say's, but have seemingly levelled off just below 8%... but for how long who knows. See point 2 below also.
Attachment 12123
2.) As ATM is now increasingly held by institutions (est around 87%) we need to appreciate that a large part of the shorting may well be the same institutions 'hedging' their holdings to offset perceived risks such as the Geopolitical risk between China and Aus/NZ. This is quite different from speculators 'shorting.'
3.) I believe the key risks facing ATM at the moment are not the changing diagou channels, but are a reflection of the China/Aus tensions (and yes I appreciate ATM's A2 IF comes from NZ.), plus the unknown of a new CEO taking over (which may also be a risky time.)
4.) So of course there are risks with ATM as there are with any shares. What tomorrows SP may be is anyone's guess, but I'm more inclined to Snow Leopard's thinking as per post #18259 and my off stated belief that ATM will return to outperforming the NZX50 index in 2021. However my risk profile is much different from a new ATM investor, so as always DYOR.