"If shorters opened their shorts this week PLS was trading $4.80 in August 2023 that would be up 80% on their positions on a rough estimate."
I have been trying to understand what you mean, but I can't.
"If shorters opened their shorts this week" to me means if shorters did short-selling this week. And if that is what happened, then it is illogical "that would be up 80% on their positions on a rough estimate."
You don't seem to understand the meaning of opening a short position.
This is from FXopen website:
"Opening a short position or going short means selling an asset."
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Last
$2.41 |
Change
-0.170(6.59%) |
Mkt cap ! $7.257B |
Open | High | Low | Value | Volume |
$2.57 | $2.60 | $2.41 | $64.35M | 25.99M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 123970 | $2.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.42 | 15148 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 19000 | 2.410 |
61 | 160822 | 2.400 |
1 | 418 | 2.390 |
8 | 28845 | 2.380 |
2 | 15000 | 2.370 |
Price($) | Vol. | No. |
---|---|---|
2.420 | 13082 | 2 |
2.430 | 15000 | 2 |
2.440 | 22738 | 3 |
2.450 | 22100 | 3 |
2.470 | 12500 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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PLS (ASX) Chart |