GameStop was a classic short squeeze with 138 percent of the float sold short .
https://www.cnbc.com/2021/01/22/gamestop-soars-nearly-70percent-trading-briefly-halted-amid-epic-short-squeeze.html
A major hedge fund caught in the squeeze appear determined to get it back to $20
Zip are in bed with CVI investments who Zip borrowed $100 million from in convertible notes at a floor price of $1.84
Its in their interests for the share price to be as low as possible to maximise the number of shares in issue and increase any short selling profits.
Have a look at the perform of companies in which CVI have an interest
Ann: ZIP CEMENTS ITSELF AS A TRUE GLOBAL BNPL LEADER, page-517
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Last
$2.22 |
Change
0.050(2.30%) |
Mkt cap ! $2.826B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.24 | $2.16 | $15.33M | 6.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 325707 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 293484 | 58 |
View Market Depth
| Last trade - 13.18pm 10/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |