Sure GB, but it can also get to a point where a large short position becomes a target.
And that's what we have here a very large short position in excess of 100M shares and that's of 3 days ago, so its likely to be considerably higher than that now.
I personally like going long stocks where there are massive short position & the medium or long term fundamentals are good as those short sellers will become buyers.
They are banking on a CR.
I don't think they can bank on that at all.
Its certainly possible, but not bankable.
If they manage to get an asset away at a decent price (considering the current market) I think we will see the price rocket on short covering.
Buying at these levels I think will pay well in the end, perhaps in just a few short days/weeks.
Sure GB, but it can also get to a point where a large short...
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Last
$7.48 |
Change
-0.005(0.07%) |
Mkt cap ! $24.32B | |||
| Open | High | Low | Value | Volume |
| $7.52 | $7.54 | $7.45 | $19.71M | 2.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 34981 | $7.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.48 | 45601 | 80 |
View Market Depth
| Last trade - 14.30pm 07/05/2024 (20 minute delay) ? |
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Last
$7.52 |
Change
-0.005 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| $7.52 | $7.53 | $7.45 | 925054 | ||
| Last updated 14.48pm 07/05/2024 ? | |||||
| STO (ASX) Chart |