Well shorters are still receding as SP pressure is sustained. Might even be a bit more SP squeeze available there if another genuine buyer has a tilt before the shorts have exited gracefully. The percentage has reportedly dropped one percent (a bit over 3 million shares) since the 2 July and the 10 day average of trading volume has stayed around a around 1.5 million. There has been some churn of shorts I believe which might have been to pressure the SP down and/or just reflecting the mixed sentiment.
I think it's established above $3 now for the foreseeable future. Not much to push it back down as shorts back away and NAN reconfirms its management credentials and growth prospects. May take a few more dips over the year but the company keeps delivering so I don't expect many more bargain SP opportunities like April for a while.
All IMHO
Shorters of NAN Sharpening their Pencils, page-100
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Last
$3.59 |
Change
-0.060(1.64%) |
Mkt cap ! $1.089B | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.68 | $3.57 | $1.250M | 344.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2910 | $3.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.62 | 447 | 1 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| NAN (ASX) Chart |