Shorts always try to bully Retail by sitting on the SP on good news. The seeds of doubt have been sewn and watered re CR. But even if a CR happens, it will not change the long term equation. There will be a dilution but holders will have a chance to buy before and probably after a CR to avoid real dilution.
The shorts are not at particularly high levels compared with other perfectly good companies on the ASX200. I think that is because there is a significant upside risk to shorting PAR. One solid deal on MPS or optioning exclusivity on phase 3 positive results will be enough to fund them to ramping production.
That will be a green light for larger investors to weigh in IMO. Then we can enjoy watching a classic short squeeze. The more the merrier.
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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($) | Vol. | No. |
---|---|---|
23.5¢ | 25858 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 90092 | 0.220 |
7 | 93958 | 0.215 |
7 | 143016 | 0.210 |
4 | 104982 | 0.205 |
6 | 89975 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 25858 | 1 |
0.240 | 40833 | 1 |
0.245 | 37318 | 1 |
0.250 | 15000 | 1 |
0.255 | 9785 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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PAR (ASX) Chart |