WBT 0.00% $2.32 weebit nano ltd

Ann: Becoming a substantial holder from MUFG, page-10

  1. 802 Posts.
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    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?
 
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$2.32
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Mkt cap ! $442.0M
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$2.32 $2.35 $2.30 $477.2K 204.8K

Buyers (Bids)

No. Vol. Price($)
9 13953 $2.31
 

Sellers (Offers)

Price($) Vol. No.
$2.32 4461 9
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