trent37, there is NO question it is being shorted the question is why. I have limited it to 3 possibilities:
1. Shorters know it is a stock they can easily manipulate based on, past history, % of stock available (say 20% small punters hold of market cap);
2. being set up for takeover;
3. Shorters know/suspect something bad that is not obvious or reported.
It will be interesting to see the level of shorters for today's trades with just under 23m shares exchanging hands.
shorters still at it, page-36
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Last
$8.65 |
Change
-0.660(7.09%) |
Mkt cap ! $2.586B | |||
| Open | High | Low | Value | Volume |
| $8.89 | $8.94 | $8.62 | $25.23M | 2.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4118 | $8.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.66 | 407 | 2 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |