With a short position of 5.7% and an average daily volume of 75,000 shares, I calculated it would take approximately 38 days to cover all short positions. This scenario presents a nice setup for a potential short squeeze, especially given the recent positive momentum, share buybacks, investor events, and upcoming news flow.
38 days to cover short positions = nice setup
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 (20min delay)
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Last
$15.48 |
Change
-0.420(2.64%) |
Mkt cap ! $777.6M | |||
| Open | High | Low | Value | Volume |
| $15.73 | $15.88 | $15.46 | $431.8K | 27.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6 | $15.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.51 | 146 | 7 |
View Market Depth
| Last trade - 14.10pm 03/06/2024 (20 minute delay) ? |
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Last
$15.46 |
Change
-0.420 ( 0.69 %) |
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| Open | High | Low | Volume | ||
| $15.81 | $15.84 | $15.46 | 2636 | ||
| Last updated 14.27pm 03/06/2024 ? | |||||
| CUV (ASX) Chart |