A few of points here
1. If I am not mistaken the short interest has decreased over the last few days , 77m seems high but what percentage does that represent - 6% of market cap
2 if there are 6% sorts there are 94% longs - why are the shorters given so much value
3 one year ago some of the best performing stocks of the last year were heavily shorter
Mts , most small cap gold stocks , a couple of years back it was JB Hi FI and Fairfax - they all doubled and tripled from the time short interest peaked
Now back to the deal - a couple years back they sold 25% for 190m usd , now they are selling 175 m usd for 24% but for PDN, raising money this was is very much less dilutive than issuing shares given the change in the AUD /USD exchange rates .
I agree the non binding nature has been assumed to be bad by some , but It may be a PDN driven thing for the short term
- Forums
- ASX - By Stock
- PDN
- Shorts Scared Shortless
Shorts Scared Shortless, page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDN (ASX) to my watchlist
|
|||||
Last
$11.18 |
Change
-0.250(2.19%) |
Mkt cap ! $3.342B |
Open | High | Low | Value | Volume |
$11.66 | $11.66 | $11.18 | $25.19M | 2.232M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8339 | $11.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.24 | 800 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8339 | 11.170 |
2 | 6905 | 11.160 |
1 | 1000 | 11.150 |
2 | 7243 | 11.140 |
1 | 8228 | 11.130 |
Price($) | Vol. | No. |
---|---|---|
11.240 | 800 | 1 |
11.250 | 600 | 1 |
11.270 | 6705 | 1 |
11.280 | 18044 | 4 |
11.290 | 10129 | 2 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |