Your scenario is plausible but it could also be that they have already sold a disproportionate number of shorts V longs and are trying to balance their ledger just as bookmakers adjust the odds on horse betting as money arrives for certain runners.
Question on A2M warrants, page-21
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$5.91 |
Change
0.010(0.17%) |
Mkt cap ! $4.278B | |||
| Open | High | Low | Value | Volume |
| $6.03 | $6.07 | $5.90 | $11.65M | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5500 | $5.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.91 | 2504 | 1 |
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| A2M (ASX) Chart |