The shorters have control here unfortunately.
With almost 10% of the shares on issue sold short its just behind PLS as the 2nd most shorted stock on the ASX.
With no imminent good news likely this selling pressure will likely only intensify, hitting more stops and seeing the price fall through the floor.
There is no reason to be brave and buy at this point in my view.
I guess if you are a long term believer, just suck it up and wait.
Good luck to holders.
10x
Media Reports, page-2148
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $243.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.5¢ | $703.0K | 2.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 211145 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 110000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |