They cannot short the stock into the buyers, there is an ''Uptick'' rule on ASX (and most other markets) which prevents this.
Selling pressure comes due to the silence from the company, nothing else.
Share price will appreciate when/IF management decide to bring market confidence back onto BRN.
2023 BrainChip Discussion, page-4552
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Last
19.8¢ |
Change
-0.008(3.66%) |
Mkt cap ! $366.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.8¢ | $371.5K | 1.837M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1082825 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 282497 | 16 |
View Market Depth
| Last trade - 10.47am 26/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |