I don’t think shorters are the problem here. Even after all this cumulative bad news, the stock is <4% held short.
Your key problem is a big long who decided to get out at any cost and hosed the share price in the meantime.
Ann: Letter to Shareholders from the Chair of 29Metals, page-51
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Last
37.5¢ |
Change
0.025(7.14%) |
Mkt cap ! $263.1M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 38.5¢ | 36.3¢ | $611.6K | 1.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 26454 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 104452 | 8 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| 29M (ASX) Chart |