I could be wrong, but my reading of it is that:
1. They were short - for what period is anyone's guess;
2. 30 June - They had to buy shares to close out the short position; and,
3. 1 July - they sold the shares used to exit the short position.
As I said, I could be wrong. But if they were short for the 12 months then they would have made a bit of coin, which would have been partially offset with the jump in share price between 30/06 and 01/07. 36 million is a massive short position though.....
FYI - I'm watching this stock/HC posting as I'm looking to enter the stock, I'm not just a 'down-ramper'.
Austin Engineering. A Short Gone Wrong?, page-2
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Last
54.5¢ |
Change
-0.020(3.54%) |
Mkt cap ! $337.9M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 56.0¢ | 53.5¢ | $596.3K | 1.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10796 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 15144 | 2 |
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