I am in the United States and watch LYC in the evening You are 16 hours ahead of me. What I have noticed is that often LYC opens with the share price down by multiple cents and it seems that a good deal of a trading session consists of trying to come back to breakeven for the day. I'm wondering if shorting is allowed and if it is prevalent on the ASX. I cannot see where a person would want to drive the price down so often or so much as it doesn't work to most shareholders advantage. On the same note, are there many hedge funds in Australia that find LYC an attractive target. Thank you for taking the time to read and hopefully reply to my inquiry.
Can LYC be shorted?
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 (20min delay)
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 6919 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |