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$3.16 weebit nano ltd

one theory could be that insto's wanted weebit in ASX200 simply...

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Fatman8

6,777 Posts.

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20/02/24

13:58

Post #: 72499801
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Originally posted by dbd25: ↑

I wouldn't pay too much attention to the official shorting numbers posted on (say) shortman.com.au. I am skeptical that those numbers are accurate, and in many cases the trends simply make no sense at all. In the case of WBT, I can understand why some shorters fancied their chances of making a quick buck by shorting when the SP peaked at over $9 back in 10/3/23. But the short interest was then less than 2%. The SP then drops to a low of ~$2.84 on 9/10/23, yet the shorts increased to 6.5%. Why would anyone short WBT at the bottom of the SP cycle when the SP had already dropped by ~70% from top to bottom ? That's crazy. Not only that, the shorts have increased since last October to 8.7% currently, when the SP is slowly rising. How is that logical ? I take the shorting stats with a large pinch of salt. I'd say its more likely they are trying to influence other folks investment strategies. Better to watch what the company is doing rather than following the shorting stats.

All IMHO, DYOR

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one theory could be that insto's wanted weebit in ASX200 simply by number of
trades and volume needed to keep ASX200 as they would want to accumulate or get in earlyish

Last edited by Fatman8: 20/02/24

WBT Price at posting: $4.10 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.16		Change 0.220(7.48%)		Mkt cap ! $596.0M

Open	High	Low	Value	Volume
$2.96	$3.16	$2.96	$1.975M	647.3K

Buyers (Bids)

No.	Vol.	Price($)
1	3896	$3.13

Sellers (Offers)

Price($)	Vol.	No.
$3.16	2763	1

View Market Depth

No.	Vol.	Price($)
1	3896	3.130
2	3664	3.110
3	2550	3.100
1	1832	3.090
5	11128	3.080

Price($)	Vol.	No.
3.160	2763	1
3.170	9942	2
3.180	10262	4
3.200	7503	4
3.230	6164	1

Last trade - 16.10pm 29/04/2024 (20 minute delay)


Last $3.12			Change 0.220 ( 5.85 %)
Open	High		Low	Volume
$2.98	$3.14		$2.97	91775
Last updated 15.59pm 29/04/2024 ?

WBT (ASX) Chart