Couldn't care champ if the price is $17-$20 tomorrow, next week or next year.
Just saying the strategy of shorts is not looking good for them especially when they have continued to short the stock yet price has continued to increase in recent weeks.
Forget about looking at the percentage outstanding but the actual numbers.
Back on 25 July 2017 ~65m short positions and the closing days price was $3.83. Even if all the positions were able to be closed out at that price that is ~$249m
10 December ~66m short positions outstanding and if shorts were to close out all positions at its closing price of $14.40 that would be $950m.
See the issue here is that closing out at this price is worth significantly a lot more coin than previously experienced and it's going to hurt and hurt bad.
Go back through some of the recent announcements back to September and you will see who has been in accumulation mode, Mitsubishi.
GLTAH and DYOR
Ann: Final Director's Interest Notice, page-13
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Last
$6.25 |
Change
0.510(8.89%) |
Mkt cap ! $4.525B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.77 | $6.05 | $29.65M | 4.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 152106 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 370 | 1 |
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| Last trade - 11.20am 27/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |