It looks more like a short seller selling into the market rather than an investor offloading. Just under 40% of trades on Wed & Thur were short sales (300k+ shares across 2 days)
So the question then becomes have they built their short position to a sufficient level yet?
Big difference is that at some point these short sold shares need to be bought back & in a share that is fairly illiquid would massively accelerate a rise if the fy forecast is met & the accounting standard question is resolved.
It looks more like a short seller selling into the market rather...
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Last
51.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.89M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 51.5¢ | $36.44K | 70.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33714 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 315364 | 2 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| PNC (ASX) Chart |