This is the reason why it's so stacked..
Shorting only really began on the 25th of Jan. See image below. Share price at this time was 1.74. From then till now the share price touched a high of 1.925 and never went higher. It touched 1.925 on the 17th of feb but at this stage positions were at 9.1 million shares.
There has been covering from this time though and the process begins again. Kind of like a rinse and repeat process. What is damning to shorts is that positions almost doubled when we dipped from 1.60 to 1.30 and positions were still being added right up til the revised forecast announcement day. Damn poetry for longterm holders.
$2 Today?, page-187
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.40 |
Change
-0.060(1.10%) |
Mkt cap ! $3.851B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.45 | $5.32 | $21.75M | 4.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186 | $5.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.41 | 17905 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |