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?
So MUFJ have been buying WBT shares on market, but also...
Add WBT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.94 |
Change
-0.040(1.34%) |
Mkt cap ! $554.5M | |||
| Open | High | Low | Value | Volume |
| $2.96 | $2.98 | $2.94 | $1.129M | 382.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 5678 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.96 |
Change
-0.040 ( 0.96 %) |
||||
| Open | High | Low | Volume | ||
| $2.95 | $2.98 | $2.94 | 49176 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| WBT (ASX) Chart |