It is possible that a reasonable amount of the shares sold at that $3 price were sold short … thus would likely be required to be bought back (in competition to an offer by HP) to be returned to the actual owners if they made a call for return on expectation of a successful TO.
If so, then somewhere up to 8.5% (per shortman) of the stock might be required to be bought back in competition to a HP offer. What might that do?
Oh - I see via shortman that LTR short position dropped from circa 9% to 5% in the latest update graph.
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It is possible that a reasonable amount of the shares sold at...
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Last
$1.45 |
Change
-0.008(0.52%) |
Mkt cap ! $3.515B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.44 | $5.255M | 3.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 122055 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 62118 | 54 |
View Market Depth
| Last trade - 14.17pm 22/05/2024 (20 minute delay) ? |
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Last
$1.44 |
Change
-0.008 ( 1.05 %) |
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| Open | High | Low | Volume | ||
| $1.46 | $1.48 | $1.44 | 1296129 | ||
| Last updated 14.37pm 22/05/2024 ? | |||||
| LTR (ASX) Chart |