Isn't it the case that a short seller will aim to sell high and buy low? YES
So a short seller's actions would pressure the share price when its high and support the share price when its low.
The fact that the shorts have been closed out means that there is no more buying support coming from the short sellers that want to cover their position.
Spotlight on American Rare Earths, page-4017
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $115.9M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.0¢ | $41.53K | 176.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 373141 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 68912 | 5 |
View Market Depth
| Last trade - 15.39pm 14/06/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 23.5¢ | 23.8¢ | 23.0¢ | 76509 | ||
| Last updated 15.57pm 14/06/2024 ? | |||||
| ARR (ASX) Chart |