Some PNV investors doing some great coverage of shorting figures at the moment on Hot Copper. If there is one thing they are showing is falling shorts in June. This selling is not shorts people.Its your peers selling out of their losing holdings for the tax year to report capital loss events to write off to tax. It will abate by month end of course. Shorts for once are trading the way we want them too, happily buying back shares at profit, from long investors who are selling for a loss, not for any fundamental PNV business reasons, but personal tax and business reasons. I will happily take the other side to those tades as will many shorters it seems:
And selling from over $1.40 to $1.16, in less than a week they are getting a bit silly in those sells.
PNV - Banter and General Comments, page-7311
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Last
$2.43 |
Change
-0.090(3.57%) |
Mkt cap ! $1.678B | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.50 | $2.43 | $2.311M | 940.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17100 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 5973 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |