I think you need to re-read the announcement. JP Morgan has reduced its substantial shareholding from 7.39% to 5.72% meaning they are likely to be closing short positions and returning stock to the third parties that originally lent them the shares.
The beginning of the end of this short selling cycle IMO.
I think you need to re-read the announcement. JP Morgan has...
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Last
$3.16 |
Change
0.170(5.69%) |
Mkt cap ! $9.515B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 72180 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 222212 | 12 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |