With a short position of 5.7% and an average daily volume of 75,000 shares, I calculated it would take approximately 38 days to cover all short positions. This scenario presents a nice setup for a potential short squeeze, especially given the recent positive momentum, share buybacks, investor events, and upcoming news flow.
38 days to cover short positions = nice setup
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Last
$14.59 |
Change
-0.150(1.02%) |
Mkt cap ! $730.6M | |||
| Open | High | Low | Value | Volume |
| $14.74 | $14.77 | $14.50 | $504.1K | 34.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 132 | $14.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.64 | 96 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| CUV (ASX) Chart |