So MUFJ have been buying WBT shares on market, but also borrowing shares. The only reason I know to borrow shares is to either look how beautiful they are or sell them (i.e. short).
In a vacuum, If everyone just bought shares as they become aware of .WBT, the share price would float higher. By applying some shorting pressure, the WBT SP has a kind of gravity to stop it going to the moon. Just my financial pseudoscience.
So is MUFJ are buyer and a shorter? The purpose of the shorting is to ensure they can acquire shares at a good price. Anyone know how I should interpret this?
Ann: Becoming a substantial holder from MUFG, page-10
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Last
$2.29 |
Change
-0.060(2.55%) |
Mkt cap ! $432.6M | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.36 | $2.29 | $1.381M | 595.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 32744 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 2145 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |