Opinion
Retail sector sees increased short-covering: CBA
The most notable changes in short positions for the week beginning November 4 were in the retail sector, CBA says.
Sarah Thompson, Anthony Macdonald and Gretchen FriemannThe most notable changes in short positions for the week beginning November 4 were in the retail sector, CBA said in a note to clients on Monday.
“After David Jones delivered a result ahead of market expectations, both David Jones and Myer short positions were covered," the broker noted. “Could it be that sentiment towards consumer (stocks) is improving?"
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