Well, the big drop in SP was partly contributed by shorters. Have a look at https://www.shortman.com.au/stock?q=ifl, short interest changed from 5.45% before the CR to 8.12% on 2 September, an increase of 2.67% in short interest in just one day!
I also believe that the majority of yesterday's close volume of 2.8 million shares were also short interest. https://www.asx.com.au/data/shortsell.txt
These shorters will need to cover their shorts by buying back on the market one day. If we don't sell then they will be in trouble.
Well, the big drop in SP was partly contributed by shorters....
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Last
$4.50 |
Change
0.000(0.00%) |
Mkt cap ! $3.018B | |||
| Open | High | Low | Value | Volume |
| $4.50 | $4.52 | $4.50 | $11.93M | 2.650M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 202579 | $4.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.51 | 38155 | 5 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| IFL (ASX) Chart |