Short sellers only target companies that they believe have a chance of falling in value. With inflation high and interest rates rising, the short sellers took advantage. Those days are over, inflation will not go back to 7.8%. The rate cuts will start soon. Zip's balance sheet has improved, so it is no longer a good stock for the shorts.
$2 PARTY, page-1300
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Last
$1.60 |
Change
-0.100(5.90%) |
Mkt cap ! $1.808B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.59 | $29.32M | 17.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 23090 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 155358 | 43 |
View Market Depth
| Last trade - 13.35pm 15/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |