You make an interesting point on the number of shares on the register King1212.
There are currently 10,742,562 short positions reported (10.1% of the register) with on average 6 days to cover:
Days to cover is calculated by taking the number of currently shorted shares and dividing by the average daily trading volume.
My understanding is that a high days to cover can signal a potential short squeeze.
It is interesting to note that days to cover is increasing and is currently at 13 days:
KGN might just saw its bottom, page-68
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Last
$4.28 |
Change
0.180(4.39%) |
Mkt cap ! $430.6M | |||
| Open | High | Low | Value | Volume |
| $4.12 | $4.32 | $4.09 | $4.186M | 988.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 776 | $4.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.30 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |