On 23 Jan 7.49 million were short sold. The following analysis starts on 23 Jan 2025.The following table uses the following data and minor assumptions 1. Uses the closing price on the ASX and the daily number reported short sold the total revenue for short sales each day. 2. Sums revenue from sale of shares up to and including 22nd May. 3. Shares on loan at start of period as of 23 Jan. 4. Assumes shares on loan as of 22nd May as 76,000,000. 5. Assumes that shorts returned were bought on market on the day of return. 6. Couple of assumptions but we need to make those to get a feel for what is going on. 7. 64.8 million shares borrowed yet to be returned assuming all returned from 23rd Jan were bought from 22nd Jan. 8. Need to buy back circa 64.8 million at approx $1.31 to break even. 9. Guess they're betting PNV have used all their ammo and hope to buy back over an extended period,
PNV Price at posting:
$1.31 Sentiment: Buy Disclosure: Held
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