I know everyone complains a lot about the high level of short selling in CUV as well as some other companies. However, are you sure that those that take out a short do not have a long position in actual shares? I can think of how there could be significant tax advantages for someone who, sitting on a substantial gain ie. 500 - 1,000 % and who wanted to reduce their exposure to that stock might find it advantageous, from a tax point of view, to reduce their exposure by taking out a short on a separate account rather than sell the original shares and realize the large gain. Just thought I would throw in this thought.
Regards
SP
Ann: CLINUVEL Newsletter II - March 2024, page-10
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Last
$15.39 |
Change
0.430(2.87%) |
Mkt cap ! $771.0M | |||
| Open | High | Low | Value | Volume |
| $14.96 | $15.39 | $14.83 | $2.149M | 141.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 590 | $15.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.41 | 1079 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CUV (ASX) Chart |