This graph from ShortMan indicates a large increase in shorts on 27 Mar. I assume that means they were borrowed and placed in the market on 27th on the assumption they could be traded when the market reopened. It certainly could have given these shorters an advantage though I suppose no buyers were mislead as trading did not recommence until after the announcement. On the other hand if they borrowed them at $1.5 or more and dumped them over the following days at $1.475 - 1.485 they would actually have come out second best.
This graph from ShortMan indicates a large increase in shorts on...
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 (20min delay)
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Last
$1.59 |
Change
0.035(2.25%) |
Mkt cap ! $409.8M | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.60 | $1.56 | $307.9K | 196.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1980 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 14483 | 3 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$1.58 |
Change
0.035 ( 1.47 %) |
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| Open | High | Low | Volume | ||
| $1.57 | $1.59 | $1.56 | 20955 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| KCN (ASX) Chart |