Not exactly, new shorts will come in.
Some of the current shorts that have closed may have had open positions from $10 to current levels.
You have to buy back a share to close position. That in itself can create increase in share price from as little as 1 cent to as high as whatever it takes to close the position.
Big short squeeze, page-7
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Last
$1.58 |
Change
0.165(11.7%) |
Mkt cap ! $1.768B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.58 | $1.42 | $18.87M | 12.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 44461 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 118626 | 23 |
View Market Depth
| Last trade - 14.18pm 03/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |