Well, looks like at least 2 shorters have covered some of their exposure with the overnight block trade. Two parcels were transacted (1 for 43,768,168 shares and the other for 41,500,000) at $3.175 per share.
The good news is we may see a few more starting to reverse their short positions therefore alleviating selling pressure on the PLS share price. The bad news is, short term, this price of $3.175 will act as a magnet and we may well see the share price retrace to this level before resuming forward momentum.
In any case, the longs will be happy that a chunk of shares that was overhanging the market has now been cleared.
We are getting closer to the day the share price is set free.
GLTA
Good News & Bad News, page-46800
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.13 |
Change
-0.180(5.44%) |
Mkt cap ! $9.441B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.22 | $3.09 | $333.9M | 105.3M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 151526 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.14 | 116042 | 31 |
View Market Depth
| Last trade - 12.58pm 03/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |