That shorter of 500k shares on Friday must be feeling a bit nervous. Unless it is some hedging strategy of some sort, it seems ludicrous to go short here after a 50% share price decline and announcements imminent. Unless they know something we don't, it looks like an attempt to keep a cap on the price. Initially successful with a 7% price drop but now reversed as traders position for upcoming announcements. We saw a similar amount of shares borrowed when we popped from mid 90's up to $1.05-$1.08 and the trend was quickly reversed.
Chart, page-3949
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 (20min delay)
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $92.69M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 25.5¢ | $233.3K | 883.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18279 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 1025 | 2 |
View Market Depth
| Last trade - 14.51pm 28/06/2024 (20 minute delay) ? |
| PAR (ASX) Chart |