The initial is balanced by a purchase, and is a “normal” transaction.
The problem is the second sale, by the borrower, because that sale is NOT balanced by a purchase, but rather by a loan, with a promise to purchase at a later date. During the period between the second sale (opening the short position) and the the second sale and return of the borrowed shares (closing the short position), the market and the share price are being manipulated.
Have a nice Sunday
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Mkt cap ! $1.624B |
Open | High | Low | Value | Volume |
70.0¢ | 71.0¢ | 67.0¢ | $10.52M | 15.42M |
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---|---|---|
14 | 385809 | 66.5¢ |
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Price($) | Vol. | No. |
---|---|---|
67.5¢ | 116000 | 4 |
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No. | Vol. | Price($) |
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13 | 360534 | 0.665 |
15 | 352887 | 0.660 |
7 | 350683 | 0.655 |
29 | 258917 | 0.650 |
3 | 71550 | 0.645 |
Price($) | Vol. | No. |
---|---|---|
0.675 | 116000 | 4 |
0.680 | 300978 | 6 |
0.685 | 128059 | 3 |
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