You are 100% right. Downside is unlimited so need to be accurate. No way they shorted on results and with China deal in background - they knew. Unfortunately funding wasn't sorted.
I wrote this below on the 19th Oct.
1.1mn shorted yesterday which was about 20% of the trading volume from memory. This is highest amount of shorts I have seen in one day. It is not fundamentally based, as the results (cartilage regrowth), were outstanding. The shorts were working overtime to cap/take the momentum out of the stock. Note the random posters who all of a sudden appear from nowhere dropping nonsense into the threads. Luckily we have posters like @bedger. Anyway, let's hope funding is sorted in the next few months via deals .
Ann: Trading Halt, page-108
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $66.54M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.0¢ | $203.4K | 1.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 387930 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 65468 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PAR (ASX) Chart |