A little bit of info.
From the 18th to the 25th a short position was taken out of just over 11 million shares at an average price of .049.
Their target buyback price is .040 - .041.
They must been feeling a bit of pressure as if the price starts to run they will be forced to buy back the shares to cut losses.
They would of been expecting the selloff after the quarterly release to be much larger. This position will do anything it can to drive the price down to .040.
A little bit of info.From the 18th to the 25th a short position...
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Last
4.9¢ |
Change
0.003(6.52%) |
Mkt cap ! $296.9M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 5.0¢ | 4.6¢ | $723.6K | 15.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1915928 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 679498 | 9 |
View Market Depth
| Last trade - 13.49pm 29/07/2024 (20 minute delay) ? |
| MMI (ASX) Chart |