They aren't intending to.
There's 80 million or so shares shorted... 130% ish of the entire issued shares. These shorts are going to have to be closed out at some stage. Not saying all of those are held by the hedge funds, I'm sure there are a lot of new shorts that have popped up the last week... BUT.. a majority of these shorts are going to be forced to close soon.
Forced to close out at current prices with current levels of liquidity... So long as diamond hands exist... the purchase of those shares to close the shorts, in the current market will redefine what it means for a share to moon......
That's the game plan, cash out when the hedge fund is forced to buy, and set your price.
Unfortuanately we have more paper hands than diamond hands on z1p, so shorters gonna short.
If nothing else, this serves as an educational episode for many people about how short selling works.
Anyways, back on topic. Money ready for more buy today.
They aren't intending to. There's 80 million or so shares...
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |