I think shorts are now trapped. For the last 30 days they managed to reduce their short position by 93k shares or 3.2%. At the same period the share price appreciated by 8.4%, from $14.25 to $15.45. I know that this correlation does not mean it is a causation we can prolong into the future, but an increased possibility. We were waiting for this trap, which was seemingly the only possibility to get rid of shorts, for a very long time and possibly it has finally arrived, thanks to the share buyback, more publicity and upcoming catalysts. Now the shorting could become a blessing.
Shorts are trapped
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CUV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$14.84 |
Change
-0.320(2.11%) |
Mkt cap ! $752.6M | |||
| Open | High | Low | Value | Volume |
| $15.20 | $15.20 | $14.81 | $326.6K | 21.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 226 | $14.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.90 | 269 | 9 |
View Market Depth
| Last trade - 11.21am 18/09/2024 (20 minute delay) ? |
| CUV (ASX) Chart |