So MUFJ have been buying WBT shares on market, but also borrowing shares. The only reason I know to borrow shares is to either look how beautiful they are or sell them (i.e. short).
In a vacuum, If everyone just bought shares as they become aware of .WBT, the share price would float higher. By applying some shorting pressure, the WBT SP has a kind of gravity to stop it going to the moon. Just my financial pseudoscience.
So is MUFJ are buyer and a shorter? The purpose of the shorting is to ensure they can acquire shares at a good price. Anyone know how I should interpret this?
Ann: Becoming a substantial holder from MUFG, page-10
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Last
$2.86 |
Change
-0.010(0.35%) |
Mkt cap ! $539.4M | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.90 | $2.70 | $3.091M | 1.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9400 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 2359 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$2.81 |
Change
-0.010 ( 2.04 %) |
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| Open | High | Low | Volume | ||
| $2.85 | $2.90 | $2.70 | 177734 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| WBT (ASX) Chart |