Here’s two charts, both on a 90 day timeframe, to explain why you’re wrong and @BOT is correct. Pretty much anyone holding short positions over the past 3 months is in profit thanks to Zip’s regular downtrend. They’re not going to get squeezed, at worst they might decide to cover to lock in said profits. There’s really no point pretending some majestic short squeeze is going to rescue the situation.
Chart - Z1P, page-15878
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 (20min delay)
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Last
$1.85 |
Change
0.070(3.94%) |
Mkt cap ! $2.335B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.91 | $1.80 | $45.22M | 24.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7500 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 211147 | 7 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |