The top 6 most interesting things in ASX small caps today. 1,265 stocks analysed.
#1
Unknown stood out today — rose 162.7% on average vs the market
The broader small cap market averaged +2.5% today, but Unknown stocks (11 of them) averaged +162.7% — that's a 160.2 percentage point gap. 27% of the sector finished in the red.
#2
LOT gained +13.8% despite 22.8% short interest — squeeze potential?
Here's an interesting one: 22.8% of LOT's shares are sold short, yet the stock climbed +13.8% today. When shorts get caught on the wrong side, they're forced to buy back — which can pour fuel on the fire.
#3
LGF jumped +300.0% — one of today's biggest movers
LGF (Unknown) had a cracking session, climbing +300.0%. Moves this size don't usually happen without a reason — worth checking what's behind it.
#4
MRE jumped +300.0% — one of today's biggest movers
MRE (Unknown) had a cracking session, climbing +300.0%. Moves this size don't usually happen without a reason — worth checking what's behind it.
#5
IMM flagged by Scout but sitting 90% below its 52-week high
This is a classic contrarian setup: IMM (Healthcare) is flagged across Scout's dimensions, but the market has it beaten down. When the data says one thing and the price says another, something's got to give.
#6
BOE gained +4.6% despite 15.0% short interest — squeeze potential?
Here's an interesting one: 15.0% of BOE's shares are sold short, yet the stock climbed +4.6% today. When shorts get caught on the wrong side, they're forced to buy back — which can pour fuel on the fire.
GENERAL INFORMATION ONLY — This article is produced by an algorithm and does not constitute personal financial advice, a recommendation, or an offer to buy or sell any security. SmallCapData does not hold an Australian Financial Services Licence (AFSL). You should consider seeking independent financial advice before making any investment decision. Past performance is not indicative of future results.