From what I can glean, they're hedging. They borrow shares to short, then buy on market to cover once they realise the tech sell-off was not as drastic as the market.
The elephant in the room here is, J P Morgan sees EML as a serious player in the payments space.
Ann: Becoming a substantial holder, page-7
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 (20min delay)
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Last
63.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $237.6M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 63.5¢ | 63.0¢ | $11.18K | 17.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4372 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.5¢ | 16846 | 4 |
View Market Depth
| Last trade - 10.14am 03/10/2024 (20 minute delay) ? |
| EML (ASX) Chart |