Short fuse
IperionX raise near lows draws short sellers’ fire.
Good morning.
Dual-listed miner IperionX tapped the market again last week, and the short sellers pounced. The stock fell 14% on the news to be down 30% over the past month.
Spruce Point’s Ben Axler accused the critical minerals miner of “undercutting investors” with a raise near a 52-week low right before a result he reckons shows “miniscule revenue and more losses”.
Short positions now sit above 9% of the register, Capital Brief’s Hugo Mathers reported, and it seems the bears aren’t going anywhere.
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Shares in Bravura Solutions surged on Friday after the wealth-management software group lifted its earnings guidance, telling the exchange it now expects cash EBITDA of $77 million for the 2026 financial year, up from earlier guidance of $69 million to $73 million.
