On October 21st BRN aggregate shares shorted : 71 million shares
BRN aggregate shares shorted as of last week approx: 60 million shares
Within the last 3 months, we have had more than 100% increase in share price. Only 10 million shorts covered. 60 million more to go.
Knowing the behaviour of the traders, they will look at the market cap alone, and shorts will increase.
Imagine what could happen when they have to cover the next 10 million.
And the 10 million after? Now, couple this with another contract, another news like Valeo or Benz...
Yak, your chart might look quite conservative. GLTAH.
Chart, page-14143
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Last
29.0¢ |
Change
0.035(13.7%) |
Mkt cap ! $572.0M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 29.0¢ | 26.0¢ | $10.11M | 36.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22403 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 628072 | 21 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |