ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) experienced a notable increase in short interest during December. As of December 15, 2023, short interest reached a total of 13,246 shares, reflecting an increase of 51.1% compared to the 8,769 shares reported on November 30, 2023. The current short-interest ratio stands at 0.2 days, based on an average daily trading volume of 87,394 shares.
Price Performance and Market Activity
Shares of ASXFY opened at $34.46 on Wednesday. Over the past year, the stock has seen a low of $33.25 and a high of $48.43. The company’s fifty-day moving average is currently $36.93, while the two-hundred-day moving average is $40.40. This fluctuation indicates a degree of volatility in the stock, which could be influencing investor behavior.
About ASX Limited
The Australian Securities Exchange is the primary securities exchange operator in Australia, offering a wide range of capital market services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives, and commodities. ASX also manages clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), which ensures the integrity and efficiency of post-trade processes for both domestic and international participants.
Established in 1987 through the merger of six state-based exchanges, ASX underwent demutualization in 1998. Since then, the organization has continuously invested in market infrastructure and technology to enhance its services and adapt to changing market conditions.
As short interest continues to rise, market participants will be closely monitoring ASX Limited’s performance and the broader implications for the Australian securities market.
