I think all the comments show that no one understands shorting and why.
Perhaps its a simple as WBT is over valued.
Remember we were trading at a high of $9’s and between $6 and $7.5 there for a while.
Todays MC is about $850M and $4.60.
Step back and think about it. No customers, no revenue.
WBT product have also been readily available for months through skywater.
I expect this to trend back into the $3 range, perhaps low $3’s and circa $600MC unitl such time as revenue starts to justify a higher valuation
Ann: Becoming a substantial holder, page-40
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Last
$2.27 |
Change
-0.010(0.44%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.29 | $2.25 | $1.276M | 561.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17680 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 1117 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WBT (ASX) Chart |