The volume and the share price movement in the last 2 weeks is mainly driven by the short sellers, imho. They are on both sides of the market and are still short selling STX to keep - as good as possible - control over the share price, but decrease their cumulative short position day by day...
One can see this pattern if you are follow the live trading for some time: each buying trade is immediately followed (seconds later) by a selling trade with smaller volume and a replenishment of the last offer position.
A very laborious way for short sellers to slowly reduce a short position and also with the not inconsiderable risk that a sudden change in the fundamental situation (for example, an exception to the existing onshore gas export ban) could trigger a short squeeze. ...the short position in STX had already exceeded 60m shorted shares before the TPD SoA.
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Last
19.8¢ |
Change
0.008(3.95%) |
Mkt cap ! $565.0M |
Open | High | Low | Value | Volume |
19.0¢ | 19.8¢ | 19.0¢ | $293.6K | 1.507M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 1820206 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 1835447 | 54 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 1797877 | 0.195 |
84 | 2982188 | 0.190 |
35 | 1829920 | 0.185 |
34 | 1637224 | 0.180 |
12 | 317699 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 1786006 | 52 |
0.205 | 1360589 | 9 |
0.210 | 1184528 | 13 |
0.215 | 925702 | 13 |
0.220 | 1217949 | 15 |
Last trade - 12.17pm 31/07/2024 (20 minute delay) ? |
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