"BRN is the 13th most shorted stock on the ASX at this point in time"
Shorters believe the BRN share price is inflated so are betting it will go lower. It's really that simple.
Given its market cap is close to $1 billion with no material revenue, it operates in an extremely fast paced and competitive sector, and the share price may have been inflated as a result of ramping across social media and stock market forums, you can see why the shorters might think this way.
2023 BrainChip Discussion, page-451
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $333.6M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.0¢ | 16.8¢ | $1.713M | 9.977M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 308539 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 1292113 | 14 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |