CXO is subject to a pile on by the shorters because they know Gareth isn't going to bring anything about to reverse the slide. How do they know this? Because of recent history. They are betting things will continue as they have been, and the SP will follow. If they didn't have reason to they'd move on. SP at 24 month lows, and still #1 shorted stock. It was 10%+ near $1 and it's 11%+ at .50c. They obviously see no reason to expect anything different going forward. If CXO is STILL being heavily shorted at these levels then you know the market has lost all confidence in the company. Expecting a magical turnaround from the same people that brought it about is simply naive.
CXO is subject to a pile on by the shorters because they know...
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Last
12.8¢ |
Change
0.013(10.9%) |
Mkt cap ! $267.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 11.5¢ | $1.732M | 14.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 2567440 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 9040919 | 74 |
View Market Depth
| Last trade - 14.31pm 07/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |