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$2.48 polynovo limited

Short Activity in PNV, page-21

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BPAA

4,169 Posts.

783

03/02/20

14:56

Post #: 42718633
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Originally posted by strangelogic: ↑

Update on Shorts graph with days-to-cover comparison.
Features of interest.
1) the reduction in shorts seemed to start properly when the days to cover got above 5 days(calculated on 30-day average volumes).
2) the flattening of the short level when days to cover gets below 5 days
3) the short squeeze on the good news of 22nd Jan
4) the leveling of shorts straight after the spike
5) the SP increase with no real short nett change last week.

Conjecture follows:
I think there was some exuberant buying after the lift. I suspect there may be some profit taking, and if they are keen, some more shorting at the higher price range in the next week or two that might lead to a slight dip. Of course the results are likely to drop in a couple of weeks as well so it depends on sentiment around the outcome of that. The shorts may be looking for the profit taking prior to getting their fingers burnt again however.

I will try and update of the graphs again just prior to see how that pans out. Hold for now IMHO.

GLTA and DYOR

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Is it possible to do something with the shorts against a volume line??

My guy feel is since the volume has been strong and consistent we have seen reduced activity...

I'm not a chart person, it's just an observation unfounded in fact.

PNV Price at posting: $2.83 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.48		Change 0.040(1.64%)		Mkt cap ! $1.718B

Open	High	Low	Value	Volume
$2.45	$2.51	$2.43	$1.865M	754.1K

Buyers (Bids)

No.	Vol.	Price($)
19	16136	$2.48

Sellers (Offers)

Price($)	Vol.	No.
$2.49	55063	19

View Market Depth

No.	Vol.	Price($)
26	53767	2.490
21	40398	2.480
16	30910	2.470
13	53599	2.460
13	57567	2.450

Price($)	Vol.	No.
2.500	121018	37
2.510	186980	24
2.520	76098	21
2.530	170580	13
2.540	182215	14

Last trade - 12.01pm 28/06/2024 (20 minute delay)

PNV (ASX) Chart

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