While the MYX SP is perplexing, I'm not convinced shorters are the culprit.
As at 21Feb the outstanding short position was only 1.1% (=17.4M ords).
Compare that to 11%+ 12 mths ago!
At the 30Jan outstanding shorts were 1.27%.
At 21Feb they were 1.10%...so they have declined.
There were 21.6M ords shorted in total between 30Jan-21Feb...and 8 of those trading days were 30%+ days.
20.1M outstanding shorts at 30Jan + 21.6M shorted to 21Feb...yet only 17.4M outstanding shorts at 21Feb.
That seems to suggest there is helluva high rate of churn going on.
Whether that can manipulate the SP lower, I don't know.
Bottom line is, don't bank on short-covering or a short squeeze to have any material effect on lifting the SP.
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Last
$4.38 |
Change
0.440(11.2%) |
Mkt cap ! $372.6M |
Open | High | Low | Value | Volume |
$4.40 | $4.79 | $4.18 | $2.649M | 590.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1271 | $4.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.44 | 1271 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 4.200 |
1 | 3000 | 4.110 |
1 | 1000 | 4.080 |
1 | 180 | 4.060 |
8 | 9994 | 4.050 |
Price($) | Vol. | No. |
---|---|---|
4.450 | 6200 | 1 |
4.500 | 450 | 1 |
4.700 | 367 | 2 |
4.730 | 1805 | 1 |
4.740 | 4111 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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