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
$1.35 |
Change
0.035(2.66%) |
Mkt cap ! $3.457B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.35 | $1.32 | $9.628M | 7.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 82 | 504478 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 549140 | 84 |
View Market Depth
| Last trade - 14.28pm 19/09/2024 (20 minute delay) ? |
| AMP (ASX) Chart |