Pretty sure shorters do pay finance costs all the way through until the position has been covered (closed) and yes, the lower the share price, the lower the cost to finance. When official interest rates are high, you actually get paid to hold short positions... not the case now for the last 5-6 years.
I think PDN is in idle waiting for good news now from the company or U price.
A sharp heavy spike in volume will be a good indicator for either direction from this base of 0.10.
Good news combined from the company and the U price (Trump), Japan, etc. should see a massive short squeeezzzzzzz! Especially if it gaps up through its daily 200SMA.
ERA looks solid ATM so good news in U price might be looming.
Pretty sure shorters do pay finance costs all the way through...
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Last
$11.43 |
Change
0.090(0.79%) |
Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.35 | $11.58 | $11.16 | $24.03M | 2.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164 | $11.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 6746 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |