and of course my favourite part - a stock with massive short positions in it . . . .
I am going to enjoy this.
At a market cap of $500m anyone who doesn't think people aren't running to ruler over a takeover are nuts. It's probably pretty unlikely still but at this price it would b definitely a viable target and the Chinese in particular love securing supply chains.
I can understand why people would short if the market cap was in the billions but here it could only be trend following systems that are still in because of the downtrend. Only rule based systems would stay short a stock as it wanders into TO valuations.
and of course my favourite part - a stock with massive short...
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Last
$6.63 |
Change
-0.030(0.45%) |
Mkt cap ! $6.197B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.70 | $6.63 | $23.51M | 3.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 130869 | $6.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.63 | 36336 | 2 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$6.65 |
Change
-0.030 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| $6.70 | $6.70 | $6.65 | 1033907 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| LYC (ASX) Chart |