GMD has gone up about 20% in a week….yet shortman says it's got about 10% of its shares shorted.
surely those shorts will need to get covered soon, in which case the share price should continue to rise as a result.
this means KIN shares should also continue to rise, because KIN owns 38m shares of GMD, which is nearly equal to its total market cap.
strange times…why does GMD have such a high short position, and has the short position reduced in the last few days?
Ann: FY24 Half Year Results Summary, page-3
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Last
$1.87 |
Change
0.070(3.90%) |
Mkt cap ! $2.092B | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.88 | $1.83 | $4.654M | 2.501M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2679 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 27393 | 3 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| GMD (ASX) Chart |