PAR 2.56% 20.0¢ paradigm biopharmaceuticals limited..

WTF- what's with the share price movement, page-109

  1. 9,852 Posts.
    lightbulb Created with Sketch. 1269
    Interesting to see no short covering happened on the follow-up spike day also on bigger volume day - 4 Aug.

    Data:
    • ASIC net shorts show +135K to 8.6M (3.77%)
    • ASX Daily Gross Shorts at 297K suggests some churn ('washing') but not enough to indicate it was them given 1.6M vol

    Analysis:

    • We may have a new investor accumulating.
    • But more importantly we also have some long short funds that may be looking to cover a losing position near term (read pre OA008). These funds report monthly to their investors
    Last edited by Denial: 10/08/22
 
watchlist Created with Sketch. Add PAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.