The only thing pushing the price down as well as these brokers is the huge shorting position being taken by these traders. According to Motely Fool:
"The Zip Co share price has been one of the big success stories of 2020. The buy now, pay later share is up 83.9% this year and 451.7% since 19 March.However, that strong share price growth has drawn the attention of short sellers. ASIC has reported 27.8 million short positions or 7.1% of its total shares.
Buy now, pay later ASX shares have been among the strongest performers in 2020. Many believe the sector has turned into a ‘bubble’ and is now detached from reality.
Time will tell which camp is right, but short sellers appear to be putting their money where their mouths are."
Hopefully they all get burned like they did with TESLA stock they lost billions there.
If we all hold and and more buyers keep pressure on the upward trend of stock then it will rise above their thresholds. Then more news comes out and the price keeps growing, shaking all the shorters off the tree for good.
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Last
$2.22 |
Change
-0.080(3.48%) |
Mkt cap ! $2.881B |
Open | High | Low | Value | Volume |
$2.30 | $2.31 | $2.17 | $30.91M | 13.83M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 9455 | $2.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.23 | 40207 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 9455 | 2.220 |
9 | 68288 | 2.210 |
29 | 565766 | 2.200 |
12 | 248819 | 2.190 |
12 | 316876 | 2.180 |
Price($) | Vol. | No. |
---|---|---|
2.230 | 40207 | 4 |
2.240 | 121159 | 9 |
2.250 | 732902 | 15 |
2.260 | 252534 | 8 |
2.270 | 337075 | 9 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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ZIP (ASX) Chart |