I don’t think shorters are the problem here. Even after all this cumulative bad news, the stock is <4% held short.
Your key problem is a big long who decided to get out at any cost and hosed the share price in the meantime.
Ann: Letter to Shareholders from the Chair of 29Metals, page-51
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Last
48.0¢ |
Change
-0.015(3.03%) |
Mkt cap ! $336.9M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 47.5¢ | $278.9K | 576.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22814 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 9796 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| 29M (ASX) Chart |