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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Last
$1.31 |
Change
-0.018(1.32%) |
Mkt cap ! $3.412B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.34 | $1.31 | $2.379M | 1.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 132798 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 222184 | 46 |
View Market Depth
| Last trade - 11.56am 25/09/2024 (20 minute delay) ? |
| AMP (ASX) Chart |