For those not aware how shorting works:
Shorter believes the stock is overbought/overvalued.
Shorter then borrows the stock at a cost to the shorter.
The shorter then sells the stock on the ASX - just like we buy and sell - no different.
The shorter hopes the share price will fall. If it falls the shorter buys the stock at a lower price, hands them back to the lender and takes a profit.
If the share price goes up the shorter buys back the stock at a lower price than he/she sold it for, hands them to the lender and takes a loss.
If enough shorters enter the market in a similar time frame it puts a fair bit of downward pressure on the share price and likely falls. That is what is meant by posters when they say shorters are manipulating the price.
Conversely, if the price goes against the shorters and they exit in a similar time frame the SP likely goes up. This is what some posters call a short squeeze.
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $405.0M |
Open | High | Low | Value | Volume |
19.5¢ | 20.5¢ | 19.0¢ | $1.776M | 8.878M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 583874 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 69687 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 583874 | 0.195 |
50 | 1974055 | 0.190 |
45 | 1874348 | 0.185 |
64 | 1191579 | 0.180 |
25 | 478590 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 69687 | 3 |
0.205 | 846255 | 17 |
0.210 | 3351772 | 35 |
0.215 | 1097202 | 18 |
0.220 | 1241326 | 34 |
Last trade - 16.16pm 26/06/2025 (20 minute delay) ? |
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