Can a knowledgeable poster help me here?
I pay little attention to short selling activity, so I'm rather behind in this matter. But I got a bit curious about that 1M shares shorted and thought to learn something by analysing it.
As per ShortMan report, the shorting occurred in one lump/chunk on 23 February 2023 and is still current.
Why doesn't the 0.005% shorted sync with the total number of shares of 10,173 - Question no. 1.
ShortMan could have showed 0.001% but didn't.
As per Comsec chart, on the day before 23 Feb, the sp rose from 43c to 50c. On the day of shorting, the sp then fell back to 43c. Price remained depressed until 28 Feb, and then took off. The total number of shares traded on 23 Feb was about 90K, which included the 10,173 shorted.
Question no. 2: Could the shorter have bought back at 43c, but not settle the short position?
Question no. 3: Could the shorter have borrowed on an earlier day but waited to 23 Feb before short selling? If so, which date did the short take effect?
As at 15 March 2023, the shorter would be in the red by 69.5c - 50c = 19.5c per share. Assuming having borrowed shares on 23 Feb.
At 10,173 shares shorted, that's $1,983 unrealised loss, before borrowing fees.
The sky's the limit, unfortunately for the shorter.
Was that the reason for the price cap at 62c a few weeks back, I wonder. The capping volume was far in excess of 10,173, though.
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Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $87.86M |
Open | High | Low | Value | Volume |
46.0¢ | 46.5¢ | 44.0¢ | $49.91K | 109.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18106 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 2775 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18106 | 0.440 |
4 | 34138 | 0.430 |
2 | 1700 | 0.420 |
2 | 34390 | 0.410 |
1 | 25000 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 2775 | 2 |
0.465 | 8333 | 1 |
0.480 | 5000 | 1 |
0.490 | 15000 | 1 |
0.520 | 10575 | 2 |
Last trade - 15.59pm 02/09/2024 (20 minute delay) ? |
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ARL (ASX) Chart |