Just recently, 29 ARL shares popped up for sale at 74c. Makes no sense when the minimum comm payable is $9.95.
Maybe there's a little tug-of-war happening between a trader and a shorter.
Won't be surprised if that player who bailed out on the 310K shares selling at 62c has reincarnated into 100K at 74.5c, 100K at 75c and 168K at 75c. Probably picked up 58K more shares in the meantime.
It'll be quite interesting to watch at the very moment that the announcement is released.
By the way, the last available ARL short position on 15 March was 0.005%, meaning about 1M shares.
ARL chart, page-3671
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Last
49.0¢ |
Change
-0.030(5.77%) |
Mkt cap ! $99.78M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 48.5¢ | $24.45K | 47.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11688 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 4410 | 2 |
View Market Depth
| Last trade - 12.56pm 24/06/2024 (20 minute delay) ? |
| ARL (ASX) Chart |