I don't know what question was asked for obvious reasons.
Here is something to consider:
The Top 20 Shareholders of ASM hold 57.99% of shares on issue.
Total shares on issue is 139.5 Million
For the sake of the maths lets take these out of the calculation, 139,500,000 by 57.99% is 80,896,000
Available shares is 58,603,000 of these 6,200,000 are shorted.
This represents 10.57% shorted shares of this volume (the % is much higher due to the volume available on a daily basis)
Todays trading volume was 408,000.
This equates to 15 days worth of covering trades assuming the sellers are there.
Meanwhile the shorting is being added to on a daily basis.
They are digging themselves into a burial plot.
ASM Chart Thread, page-6117
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Last
85.5¢ |
Change
0.030(3.64%) |
Mkt cap ! $153.0M | |||
| Open | High | Low | Value | Volume |
| 83.5¢ | 85.5¢ | 79.0¢ | $175.7K | 214.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 20560 | 9 |
View Market Depth
| Last trade - 14.52pm 12/07/2024 (20 minute delay) ? |
| ASM (ASX) Chart |