That proved to be the case. The shorts have kept ARU in check - 19c three months ago - 19c now.
Question - when do they let it go?
Answer - when they've covered.
Current short situation (close to the top in short numbers) https://www.shortman.com.au/stock?q=aru
Therefore ... no change likely until a FA reason for cheap shares to let the shorts cover (so todays' announcement is probably a big yawn).
ARU Chart Thread, page-2548
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 (20min delay)
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $431.2M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.0¢ | $376.7K | 2.166M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 250608 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 2591267 | 23 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ARU (ASX) Chart |