That shorter of 500k shares on Friday must be feeling a bit nervous. Unless it is some hedging strategy of some sort, it seems ludicrous to go short here after a 50% share price decline and announcements imminent. Unless they know something we don't, it looks like an attempt to keep a cap on the price. Initially successful with a 7% price drop but now reversed as traders position for upcoming announcements. We saw a similar amount of shares borrowed when we popped from mid 90's up to $1.05-$1.08 and the trend was quickly reversed.
Chart, page-3949
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Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $76.95M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 22.0¢ | $66.95K | 294.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 90092 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 25858 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| PAR (ASX) Chart |