The 0.2% total of 996m was at April 23, not sure what happened April 24,27 and 28 but April 29 was a further 684k gross shorts.
We'll know by Tuesday next week (i think) what the total shorts to yesterday was ... I assume it climbs from 0.2%.
If you look at the 3 year shorts chart ... the maximum recorded was 1.4m shorts (0.36%) February 9, 2023 when the SP was roughly 50c.
Look what happened next.
So I wouldn't "poo poo" the data too quickly ... it's actually real data, useful data and can be used to guide logical investment not just a retail emotional response to good news here.
I'm waiting to consider investing so am in no rush as all I see here is a standard looking topping chart so far.
Ann: Successful $57.2m Placement, page-34
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Last
35.0¢ |
Change
0.020(6.06%) |
Mkt cap ! $201.4M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 37.0¢ | 34.0¢ | $570.4K | 1.588M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28564 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 14000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| A1M (ASX) Chart |