As I predicted, ofx suffered heavy short selling on Wednesday. In fact, the highest in recent times: 1.33m short sales, which was 50% of all trades.
Almost negligible chance that a hord of small fry short sellers happened to do short sales in harmony without collusion. This is likely mostly the work of one or two major instos or hadge funds. In other jurisdictions it would be called market manipulation. Not so in the land that was among the last to ban bribes as a tax deduction!
But good chance -- IMO -- that shorters may get burnt on ofx this time.
As I predicted, ofx suffered heavy short selling on Wednesday....
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Last
$2.31 |
Change
0.050(2.21%) |
Mkt cap ! $554.3M | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.31 | $2.27 | $1.011M | 442.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1153 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 13054 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| OFX (ASX) Chart |