Me too. Last Friday, net shorts increased by a further 60K to 1,427,655. Only two trading days after that before we entered the halt. Given WBT rose 9% on the 30th, there's a fair chance they covered some. They don't normally like to make more than 10% of turnover so perhaps up to 115K comes off that figure at tomorrow's release. They probably shorted on the 31st but not much.
Imagine facing potentially a million dollar loss in one day when this reopens and being powerless in the meantime...
On the flipside, we know there's a buyer out there who has to buy over a million shares and soon which is only going to increase the price by more and they won't be continuing the shorting which has been a handbrake up til now. Now the foot's to the floor on the accelerator.
Short data on WBT, page-155
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Last
$2.55 |
Change
0.120(4.94%) |
Mkt cap ! $481.4M | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.65 | $2.46 | $3.607M | 1.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8185 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 14261 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WBT (ASX) Chart |