We might be seeing some short covering leading into the acquisition announcement. The short interest as of 4 days ago was around 7.45M shares and maybe we are seeing some lowering of short risk. If someone is going to short cover I can't think of a better time to do it than on a day like today when the market is likely to get crunched. Helps to keep the downward pressure on the price against the cover buying pressure.
Purely conjecture......
Outlook?, page-15
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.29M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 250000 | 1 |
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| DNA (ASX) Chart |
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