I cannot see how they can continue to do what they have done over recent days ...
- Hold the price steady while reducing the shorts.
Who is selling them the stock? Did we really have this many just riding the wave up and now getting off?
Whatever, things will likely be different after Friday. By Friday, the short aggregate could be around 40m still to cover. While less than the ~60m they had after the rebalance, its still a lot of shares to buy back.
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Short Activity in PNV, page-4215
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Last
$2.34 |
Change
-0.030(1.27%) |
Mkt cap ! $1.616B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.43 | $2.32 | $5.953M | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29039 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 16702 | 3 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |