About 10% of yesterday's volume was short sales yesterday according to ASX data.WBT WEEBIT NANO LTD FPO 53,471As you can see, there's been a strong negative correlation between the SP and levels of shorting since it began in May
The ability of shorts to manipulate price and hit stop losses etc is becoming self-fulfilling at the moment until management can announce a deal. However, if/when they do, it just means they'll be forced to cover quickly which will accelerate the rise.
Weebit - 2021and beyond, page-7544
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Last
$1.86 |
Change
0.080(4.49%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.88 | $1.78 | $716.0K | 389.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2041 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 523 | 3 |
View Market Depth
| Last trade - 15.58pm 27/09/2024 (20 minute delay) ? |
| WBT (ASX) Chart |