Analysing Karoon Short Activity vs Buyback

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    Shorts on 23 May = 2.197m shares. Stock price = $1.91/sh
    Shorts on 30 Dec = 82.17m shares. Stock price = $1.44/sh

    So shorted shares since 23 May = 79.93m shares
    Average turnover (approx) = 5m shares
    Trading Days (20 per month) = 140 days
    Total shares traded = 700m
    Shorts = 11.4% of turnover.

    Buyback commenced on 13 August.
    Shares bought back to 30 Dec = 36.9m
    Shares traded since buyback commencement= 90 trading days x 5m/day = 450m
    Buyback % since commencement = 8.2% of turnover

    Remaining buyback available at 30 December 2024 = US$25m (A$39.5m) - A$18.2m buyback used = A$21.3m remaining
    Shares to be bought back @A$1.44/sh = 14.79m
    Current shares outstanding = 764.3m

    Shares outstanding at completion of current buyback = 749.6m

    https://hotcopper.com.au/data/attachments/6720/6720767-0fc51d6384b44947ae89bb1f9dec9370.jpg
    Last edited by Edson: 08/01/25
 
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(20min delay)
Last
$1.93
Change
0.030(1.58%)
Mkt cap ! $1.414B
Open High Low Value Volume
$1.89 $1.93 $1.87 $6.740M 3.528M

Buyers (Bids)

No. Vol. Price($)
1 5132 $1.93
 

Sellers (Offers)

Price($) Vol. No.
$1.93 10693 2
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Last trade - 16.11pm 08/08/2025 (20 minute delay) ?
KAR (ASX) Chart
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