The following chart considers volume vs average rolling 1 week SPR share price over the last 12 months in 1 or 2 week rolling trading volume figures. I have excluded volumes spikes on RMS buying, spikes on announcement days and index rebalancing.
The high volume in the last 1-2 weeks (actually 11 trading days excluding the ASX300 rebalance day) really sticks out - volume has really escalated since the ASX 300 rebalance date while volume was quite stable for about the last 6 months until the last 1-2 weeks - ie around 5m a day with a range of 4-6m per day while the last week (after the rebalance) its about double that level. I also note the short positions went up from 20 September (from 0.43 % on 19th to to 1.87% on 20th) the day of the ASX 300 rebalance which in my view is NOT a coincidence.
Not sure what will happen to the SP and volume going forward nor what will happen to short positions.
Chart, page-470
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 (20min delay)
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Last
$1.53 |
Change
-0.060(3.77%) |
Mkt cap ! $1.702B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.57 | $1.53 | $3.165M | 2.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 29228 | 3 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| SPR (ASX) Chart |