Given RRL’s current short position, the following information is very relevant.
“Activist short selling involves a person taking a short position in a financial product and then publicly disseminating information (e.g. one or more reports) directly or through an agent to negatively impact the price of the product ('short report'). A short report may, for example, criticise an entity's finances, management, public disclosures or future prospects. A short report does not necessarily have to be in the form of a formal report. It could be, for example, a post on a social media platform, blog or online forum. The activist short seller expects the short report to cause the price of the financial product to fall, enabling them to realise a profit.”
One can make his/her own judgment whether ASIC’s information sheet (INFO 225) alone will be effective in encouraging activist short sellers to follow the recommended ‘better practices’.
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Last
$1.73 |
Change
-0.185(9.69%) |
Mkt cap ! $1.302B |
Open | High | Low | Value | Volume |
$1.79 | $1.82 | $1.72 | $18.97M | 10.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 73866 | $1.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.73 | 76752 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 73866 | 1.725 |
17 | 114076 | 1.720 |
8 | 91241 | 1.715 |
8 | 96434 | 1.710 |
7 | 92582 | 1.705 |
Price($) | Vol. | No. |
---|---|---|
1.730 | 76752 | 6 |
1.735 | 93265 | 8 |
1.740 | 105684 | 10 |
1.745 | 89307 | 6 |
1.750 | 78993 | 7 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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