While the MYX SP is perplexing, I'm not convinced shorters are the culprit.
As at 21Feb the outstanding short position was only 1.1% (=17.4M ords).
Compare that to 11%+ 12 mths ago!
At the 30Jan outstanding shorts were 1.27%.
At 21Feb they were 1.10%...so they have declined.
There were 21.6M ords shorted in total between 30Jan-21Feb...and 8 of those trading days were 30%+ days.
20.1M outstanding shorts at 30Jan + 21.6M shorted to 21Feb...yet only 17.4M outstanding shorts at 21Feb.
That seems to suggest there is helluva high rate of churn going on.
Whether that can manipulate the SP lower, I don't know.
Bottom line is, don't bank on short-covering or a short squeeze to have any material effect on lifting the SP.
- Forums
- ASX - By Stock
- MYX
- $2 here we come....
$2 here we come...., page-809
-
- There are more pages in this discussion • 212 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYX (ASX) to my watchlist
|
|||||
Last
$4.61 |
Change
0.000(0.00%) |
Mkt cap ! $392.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 33 | $4.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.47 | 10 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33 | 4.710 |
1 | 67 | 4.620 |
1 | 600 | 4.610 |
2 | 758 | 4.600 |
3 | 882 | 4.590 |
Price($) | Vol. | No. |
---|---|---|
4.480 | 34 | 2 |
4.510 | 57 | 1 |
4.600 | 500 | 1 |
4.610 | 1465 | 1 |
4.620 | 758 | 2 |
Last trade - 10.04am 24/06/2024 (20 minute delay) ? |
Featured News
MYX (ASX) Chart |
Day chart unavailable
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online