What a load of codswallop! The level of shorting has hardly varied lately, and this is just delusional thinking to wish the depressed price on some bogeymen. See the short tables on ASIC's website for the exact figures.
The fact is that Paladin is losing money on it's operations, with no chance of changing this until the uranium price goes up. The average sell price in the last half was raised by a contract which has now ended, so the average price will be lower from now on.
To summarise, there is nothing left on the immediate horizon that will make the share price will go up, until the spot price starts to go up, and stays up. Then the short positions may start to be wound up.
to shorters, page-5
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Last
$13.70 |
Change
0.150(1.11%) |
Mkt cap ! $4.089B | |||
| Open | High | Low | Value | Volume |
| $13.86 | $13.90 | $13.63 | $23.05M | 1.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1631 | $13.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.71 | 1905 | 2 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |