shorts’ had bet that in current stage AVH’s business is not sustainable and AVH would require a CR - it turned out they were right ...AVH had CR and now short are closing their positions with newly issued shares - that’s why there’s no short squeeze.
there was a day of frantic buying by shorts on the market on 5 March that resulted in a price spike... but after that given all the negativity around AVH there were only short buying it back on-market... with $3.5m shares CR purchased off-market on Friday last week (19 March)
i do think if longs were a little organised they could have orchestrated a short squeeze - CR happened in the US and it took a few days for shorts in AU to get their hands on CR shares - this was a prime opportunity for shorts squeeze
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Last
$2.51 |
Change
0.060(2.45%) |
Mkt cap ! $166.4M |
Open | High | Low | Value | Volume |
$2.48 | $2.52 | $2.46 | $323.3K | 129.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3222 | $2.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.51 | 524 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3222 | 2.480 |
2 | 5884 | 2.470 |
4 | 15797 | 2.460 |
11 | 26902 | 2.450 |
2 | 12258 | 2.440 |
Price($) | Vol. | No. |
---|---|---|
2.530 | 4000 | 1 |
2.550 | 1500 | 1 |
2.560 | 4086 | 2 |
2.570 | 1000 | 1 |
2.590 | 3921 | 1 |
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