Shorts need SP to go down to make profits. Via the buy-back program, the company is effectively putting a floor for the SP. So when there is no profit to make shorts will have to close out their positions to avoid SP upside risk. If AMP were to declare a half yearly dividend in August that would be the beginning of a big short squeeze.
Shorts need SP to go down to make profits. Via the buy-back...
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 (20min delay)
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Last
$1.12 |
Change
0.008(0.67%) |
Mkt cap ! $3.001B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.13 | $1.11 | $1.008M | 902.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 119218 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 171831 | 26 |
View Market Depth
| Last trade - 10.24am 08/05/2024 (20 minute delay) ? |
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Last
$1.13 |
Change
0.008 ( 1.46 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.13 | $1.12 | 124866 | ||
| Last updated 10.41am 08/05/2024 ? | |||||
| AMP (ASX) Chart |