Very astute Copper
I did a few calculations and used Shortman for the data on shorts and:
From 31st August to 9th September there was an increase of around 11m shares shorted
From the same span of days, the shares transacted were around 57m
That is 19% of all sales during this period were short selling sales. This is quite a high proportion and seems to be a major influence on the static to declining share price.
The next puzzle is to understand the motive of the shortseller(s)
Ann: HLX: Cobar Region Copper Exploration Update, page-10
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $164.4M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.5¢ | 16.8¢ | $512.8K | 2.925M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1036927 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 226276 | 11 |
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| Last trade - 14.19pm 16/08/2024 (20 minute delay) ? |
| AIS (ASX) Chart |