There is no material shorting of this stock (the % of outstanding shorts is actually rather stable), the daily % of shorts is small relative to the overall volume. This stock continues to fall because too many retail investors have loaded into it on leverage and with position sizes that are too larger for their accounts. There is no conspiracy theory or anything else, it is simply fact because EVERY SINGLE DAY the no.1 market share in this stock is retail.
Once the last of the leveraged retail investors has stopped out, then that is when the share price declines will stop.
Another indication of this fact is that no one will respond to this post because the majority of HC watchers are in exactly this position.
40c target, page-4
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |