Phantom i dont think shorts are too worried. There will likely be a few who will cover into news but the main players likely have a much lower target.
As discussed in the other thread a maximum of around $30m can be earned for our share of the embedded market.
Put a multiple of 20X on that for $600m MC; and that's by 2028. Of course a higher multiple can be expected as discreet gets closer but theres still a big revenue gap for the next few years.
I really don't think we'll be seeing any spectacular short squeeze.
Short data on WBT, page-1839
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |