Shorting creates an efficient market.
Bulls buy a stock in the belief it's undervalued and aim to sell at a higher price.
Short sellers sell a stock in the belief it's overvalued and aim to buy back at a lower price.
The financials of all BNPL indicate they will go bust without further funds so Short Sellers are right in this instance and now that sentiment has turned there is absolutely nothing apart from a clearly demonstrated path to profitability that will turn these stocks around.
That is why in my view they are all going to Zero
Ann: HY22 Results - Date Change, page-55
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Last
$1.70 |
Change
0.000(0.00%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.71 | $1.63 | $41.23M | 24.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 125754 | 4 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |