It's obvious (to me at least
) that LTR shorters should be closing their short positions quickly without any delay. (I actually prefer them to do it slowly though, because it's better for us, we are not in a hurry
).
We can see they did the same to PLS a while ago. The shorts were 3.14% of shares on issue, 93m shares were in shot position in April 2022, just 5 months ago. Then they woke up and they started to close their short positions quickly. Now it's at 0.83% or 24.7m shares.
Same thing will happen to LTR. Let's just sit back and watch it.
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |