Riddle me this.
Stockholder AAA loans a million $10 XYZ shares to BBB to short sell and the price of XYZ drops to $3.
So BBB buys them back for $3 and returns them to AAA.
Ignoring that BBB will pay some of the profit to AAA as compensation - how does AAA account for the nominal loss of $7m?
One assumes that AAA is a Fund Manager and should be acting in the best interests of their clients.
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Last
$3.46 |
Change
0.020(0.58%) |
Mkt cap ! $2.327B | |||
| Open | High | Low | Value | Volume |
| $3.45 | $3.48 | $3.42 | $1.086M | 314.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 20881 | $3.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.47 | 63026 | 44 |
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| Last trade - 13.01pm 18/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |