STX 2.22% 23.0¢ strike energy limited

shorts, page-877

  1. 1,829 Posts.
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    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
23.0¢
Change
0.005(2.22%)
Mkt cap ! $657.9M
Open High Low Value Volume
22.5¢ 23.0¢ 22.3¢ $1.988M 8.774M

Buyers (Bids)

No. Vol. Price($)
6 522260 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 524269 8
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
STX (ASX) Chart
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