Not exactly, new shorts will come in.
Some of the current shorts that have closed may have had open positions from $10 to current levels.
You have to buy back a share to close position. That in itself can create increase in share price from as little as 1 cent to as high as whatever it takes to close the position.
Big short squeeze, page-7
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 (20min delay)
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Last
$1.26 |
Change
-0.035(2.71%) |
Mkt cap ! $1.413B | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.32 | $1.25 | $8.336M | 6.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 477861 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 7160 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$1.25 |
Change
-0.035 ( 3.07 %) |
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| Open | High | Low | Volume | ||
| $1.31 | $1.32 | $1.25 | 1971399 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| ZIP (ASX) Chart |