Yes but it needs a catalyst for it to create a short squeeze (e.g. forecast/broker upgrade)
If the regular long selling pressure can meet demand for short covering at market prices there is no reason for prices to jump.
Charlie Aitken shorting RHC, page-37
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Last
$37.36 |
Change
-0.440(1.16%) |
Mkt cap ! $8.602B | |||
| Open | High | Low | Value | Volume |
| $37.88 | $38.13 | $37.18 | $26.15M | 696.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1929 | $37.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.39 | 426 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RHC (ASX) Chart |