Given RRL’s current short position, the following information is very relevant.
“Activist short selling involves a person taking a short position in a financial product and then publicly disseminating information (e.g. one or more reports) directly or through an agent to negatively impact the price of the product ('short report'). A short report may, for example, criticise an entity's finances, management, public disclosures or future prospects. A short report does not necessarily have to be in the form of a formal report. It could be, for example, a post on a social media platform, blog or online forum. The activist short seller expects the short report to cause the price of the financial product to fall, enabling them to realise a profit.”
One can make his/her own judgment whether ASIC’s information sheet (INFO 225) alone will be effective in encouraging activist short sellers to follow the recommended ‘better practices’.
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Mkt cap ! $1.465B |
Open | High | Low | Value | Volume |
$1.92 | $1.95 | $1.92 | $8.593M | 4.444M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 105232 | $1.93 |
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Price($) | Vol. | No. |
---|---|---|
$1.95 | 121140 | 11 |
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6 | 80819 | 1.930 |
3 | 28366 | 1.925 |
4 | 69302 | 1.920 |
5 | 39669 | 1.915 |
6 | 43982 | 1.910 |
Price($) | Vol. | No. |
---|---|---|
1.945 | 80151 | 9 |
1.950 | 94901 | 13 |
1.955 | 135565 | 6 |
1.960 | 95939 | 7 |
1.965 | 28366 | 3 |
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