I think that's one of the main reason RSG can often rise very quickly, (due to large short trade covering). However, consistent quality results and company transparancy are probably required to make RSG shorters get fearful and cover their trades. Let's see how the next results come in and observe if there's any change in shorting percentages over the next few week and months.
RSG $450 Million profit forecast, page-34
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 (20min delay)
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Last
65.5¢ |
Change
0.030(4.80%) |
Mkt cap ! $1.394B | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 66.0¢ | 63.0¢ | $4.771M | 7.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12173 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 14708 | 1 |
View Market Depth
| Last trade - 15.59pm 05/09/2024 (20 minute delay) ? |
| RSG (ASX) Chart |