Ok so if there are approx 52M shares that are short, and there is a 10.5 for 1, that means that if the people that lent that stock want that entitlement, which i hope they do, it means that just under 5 M shares need to be purchased by October 5th just from them alone. Any thoughts on this - am i correct in this assumption? Happy to be corrected here if wrong, I'm just curious thus asking a question.
Another solid signed sales agreement from SYR and it could be $5-$6 in a heart beat and these shorters will have real issues, especially if all those who lent stock out suddenly all want it back.
Either way, I think this is about to get SUPER ugly for these shorters, and very quickly!!! Can you imagine the margin calls they all got in the last couple weeks - ouch!!!!! Serves them right and this is just the beginning of their pain I'm sure.
Ok so if there are approx 52M shares that are short, and there...
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Last
35.5¢ |
Change
-0.010(2.74%) |
Mkt cap ! $367.3M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 37.0¢ | 35.0¢ | $2.274M | 6.355M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 189831 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 53310 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SYR (ASX) Chart |