Use something like this https://www.61financial.com.au/en-au/info/shorting
For MSB, it's 27 days to cover, based on average volume.
But, that assumes 100% of the traded volume goes to closing the outstanding short positions.
So at best case, it would be 50% of traded volume can be used to close out short positions - so already you are up to 54 trading days
That would be close of 3 months of absolutely bewdiful days
Now think about it, if significant news was to kick in - how many additional big buyers would there be?
So this 3 months estimate could likely be SI's 3 months and we know how long a "few weeks" can be
The great Msb short unwind, page-5
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Last
$1.21 |
Change
0.040(3.42%) |
Mkt cap ! $1.381B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.22 | $1.17 | $5.683M | 4.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 19746 | 3 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| MSB (ASX) Chart |