Well shorts have gone from around 2.5% to 6.5% AFTER the SP was downgraded to the current levels. So their risk/reward profile is not a position many will find comfortable.
So 4% of issued shares is around 2.3M shares they will need to buy back in a hurry if an announcement goes the wrong way. Add to this the constant buying pressure of the company share buyback of $30M (around 2.1M shares at today's prices) and there's only one direction the shares will go over the next 2 months, imo.
p.s. I have been topping up over the last 2 weeks.
Well shorts have gone from around 2.5% to 6.5% AFTER the SP was...
Add SRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.27M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.5¢ | $1.602K | 9.154K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3847679 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 2509481 | 36 |
View Market Depth
| Last trade - 15.19pm 23/08/2024 (20 minute delay) ? |
| SRX (ASX) Chart |