Ballpark figures - happy to be corrected
PLS Market Cap $10Billion
Share Price $3.31
Therefore, SOI circa 3Billion
% short sold circa 20% or 600 million.
Then someone makes it known that they have 85milion shares they would like to dispose of. I would have thought this would have caused a mad scramble, but instead they took a 4% discount to move them. Must mean many of the larger insto's believe they will be able to close out their short positions cheaper than this into the future.
Good luck with that. Fascinating times in which we live.
By the way, this assumes that the shares were picked up by someone with a net short position. Guess we'll know in a few days.
Good News & Bad News, page-46798
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Last
$2.95 |
Change
0.060(2.08%) |
Mkt cap ! $8.883B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.95 | $2.80 | $37.16M | 12.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 145182 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 119681 | 14 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |