Short selling always exaggerate the market condition. It had damaged confident in stocks which in doubt position like ACR. Many holder made decision on to continue to hold or not to hold depending on the some threshold, when a stock being a target of heavy short, it has only one direction which is down and down, that will cross every threshold and trigger mass exit regardless fundamental. That s how the shorter making their money, there isn't a bottom line in sight until shorter had their meal.
So many stocks these days the value doesn't reflex the fundamentals who is to blame here. Shorting kill off and drive off small shareholders from market!
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6th most shorted stock, page-4
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Last
5.7¢ |
Change
-0.002(3.39%) |
Mkt cap ! $16.57M |
Open | High | Low | Value | Volume |
5.9¢ | 5.9¢ | 5.5¢ | $18.68K | 321.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8498 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 225946 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8498 | 0.057 |
2 | 18938 | 0.056 |
2 | 36181 | 0.055 |
1 | 18800 | 0.053 |
1 | 88000 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 225946 | 1 |
0.060 | 423988 | 3 |
0.061 | 100000 | 1 |
0.062 | 116100 | 2 |
0.063 | 100000 | 1 |
Last trade - 15.59pm 06/09/2024 (20 minute delay) ? |
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ACR (ASX) Chart |