"The shorts are going to get a lot worse..."
Where are the short sellers going to get the shares from?
As far as can be determined there is only one insto invested in ADN and they have loaned out their total holding of approx 50 mill shares.
ASIC report shows just over 47 mill outstanding short positions as at 17 June.
They are just buying and selling their own shorts to hold the price and hope a few retail holders sell out.
ADN pre-DFS target of $0.26 to $0.35, page-350
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 (20min delay)
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.20M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $1.717K | 85.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2044249 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 504384 | 4 |
View Market Depth
| Last trade - 12.18pm 29/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |