What I haven’t figured out yet is even though the share price has appreciated over a $1 in the last 2 weeks, the shorting of the stock has has also increased to reach 7% today or 51 million shares.
There seems to be 2 camps here fighting it out right at the moment. If the August results achieves consensus for FY 21 with a relatively positive outlook for FY 22 and beyond, this will rocket the stock up to $10, just with short covering alone.
I liked today’s announcement where they mentioned emerging markets, I think the CEO will be outlining their new strategy to target growth in these countries.
Chart Update, page-21268
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Last
$6.24 |
Change
-0.010(0.16%) |
Mkt cap ! $4.517B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.37 | $6.17 | $22.92M | 3.661M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45332 | $6.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.28 | 9001 | 4 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |