Well orchestrated by whoever is shorting.
Having said that it hasn't happened in any great volume as they would be worried about extricating themselves from their positions if things suddenly change.
Only 1.3% of our shares are shorted. Stock like JB hi-fi are shorted over 18% of total stock. So by comparison shorting is a non event for FAR.
I would imagine there is more than one shorter and each would believe they can exit their positions before the others, similar to those sitting on the sidelines. They always believe they will get in first before everyone else.
Shorters, page-3
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99195 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 2000 | 1 |
View Market Depth
| Last trade - 11.19am 09/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |