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
$1.19 |
Change
-0.045(3.64%) |
Mkt cap ! $1.346B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.18 | $6.897M | 5.724M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 151465 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 60853 | 16 |
View Market Depth
| Last trade - 14.53pm 29/05/2024 (20 minute delay) ? |
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Last
$1.20 |
Change
-0.045 ( 3.97 %) |
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| Open | High | Low | Volume | ||
| $1.24 | $1.25 | $1.18 | 1461270 | ||
| Last updated 15.13pm 29/05/2024 ? | |||||
| ZIP (ASX) Chart |