Why there would be any shorters on this stock is beyond me.
They usually target not well run companies with over inflated Mcaps and companies with assets that have little chance of ever getting off the ground.
ASN have none of these credentials and in fact the M.Cap being as low as $250m with $40mill in the bank should not have hardly any more downside for shorters to make good money.
Unless they think this is going to 10c why would you bother for a couple of pips downside when there are plenty of other companies to short that meet the criteria I mentioned above risk free.
Why there would be any shorters on this stock is beyond me. They...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $141.9M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $84.14K | 786.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 286817 | 6 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ASN (ASX) Chart |