Not sure how ‘shorts can really sit on the side’.
They borrowed the share, they’re paying rent (probably), they sold it down, knocking the price down.
All that’s really left is buying back at lowest possible price to return the loaned share.
If they leave it too long- they lose money as the share rises, and they still have to buy back.
If they sell their last few borrowed shares to push it down, any rises will mean a loss of money.
Shorters rely on poor news and downtrend- if it’s the pivot point for CXO changing to uptrend, then it’s pressure time for shorters- but like buying at the high of $1.60- easy to lose money if greedy/not reading the trend!
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Last
9.5¢ |
Change
0.004(4.40%) |
Mkt cap ! $203.0M |
Open | High | Low | Value | Volume |
9.2¢ | 9.7¢ | 9.0¢ | $1.159M | 12.43M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 108798 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 637615 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 65757 | 0.097 |
2 | 15366 | 0.096 |
6 | 47941 | 0.095 |
4 | 544000 | 0.094 |
8 | 583284 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 13770 | 3 |
0.096 | 58309 | 2 |
0.097 | 446032 | 5 |
0.098 | 470000 | 3 |
0.099 | 1939 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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