It depends on how they look at it. If they see it as an opportunity to have them exit then it could be perceived as a win.
In terms of smarts, the share price is back at the price the shorts were most comfortable with. That 20% discount from $1.44 sure helped to dampen any interest that may have been accumulating.
I would say that the shorts used the companies debt as a red flag and pointed this out to the ASX who most likely forced the hand of ASM to raise.
Normally, I would not entertain shorts even entering into an exit but in this case, they would know that there is a good chance that some offtakes are on the cards, which would be a strong driver of the share price.
It is all hypothetical and could be proven wrong tomorrow with one announcement. Until then we await.
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Last
61.0¢ |
Change
0.025(4.27%) |
Mkt cap ! $110.6M |
Open | High | Low | Value | Volume |
60.0¢ | 65.0¢ | 59.0¢ | $189.6K | 307.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10183 | 61.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
63.0¢ | 4000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10183 | 0.610 |
1 | 10000 | 0.600 |
2 | 2504 | 0.590 |
4 | 6182 | 0.585 |
6 | 32318 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.630 | 4000 | 1 |
0.635 | 13000 | 1 |
0.640 | 10000 | 1 |
0.650 | 5992 | 2 |
0.655 | 1500 | 1 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
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