EIQ ECHOIQ LIMITED FPO As of 08 Jan 2025 Reported Shorted ASX +CXA = 63,367 Issued capital = 588,521,043 % of issued capital reported short = 0.01%
So not a lot shorted by any means, but there are folks who are betting this to go lower. A 10% SP move today against shorts may ruffle their feathers a bit but nothing concerning for them yet as SP is still under 28c so they got plenty of buffer. Why short? Because it can be shorted! Volatility? Plenty! 2c move on a 20c stock is a good 10% daily on many days. Even catching half of that move daily is a very good return!
EIQ Price at posting:
25.5¢ Sentiment: None Disclosure: Held
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